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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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Wednesday, 21 June 23
CHINA'S MAY COAL IMPORTS FROM AUSTRALIA RECOVER TO PRE-BAN LEVELS - REUTERS
Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroecono ...
Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
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- Jaiprakash Power Ventures ltd
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- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
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- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Planning Commission, India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
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- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
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- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Eastern Coal Council - USA
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- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
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