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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
 COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month fell 5.36 percent, the lowest dropped in last 18 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2012 at US$ 96.65 per ton, US$ 5.47 lower than May 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the May 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 – 30 June 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However the full implementation of HBA has started only since September 2011.
The June 2012 HBA was 18.80 percent or $22.38 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 30 June 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB).
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 61 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
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- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
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- Indika Energy - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
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- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
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- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Bhatia International Limited - India
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- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
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- Mercator Lines Limited - India
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- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
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- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
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- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
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- MS Steel International - UAE
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- Sical Logistics Limited - India
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- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
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- Independent Power Producers Association of India
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- Coal and Oil Company - UAE
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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