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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
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Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
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Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
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Showing 31 to 35 news of total 6871 |
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- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- The University of Queensland
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
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