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Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 117.61 per ton, which was 3.61 percent lesser than April 2011 price of US$ 122.02.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The May HBA was 27.73 percent higher Y-o-Y.
Coal reference price (HBA), the price has calculated based on a monthly average (previous month) of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index (NEX) and the New Castle Global Coal Index (GC) from the previous month.
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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 May 2011.
Any deliver of cargo after 31 May, must be used June 2011 HPB unless the deliveries fall under term contract.
Director General Mineral and Coal have declared today coal reference price for May 2011. The declared HBA was at US$ 117.61 per ton FOB vessel a marginal drop of US$ 4.41 per ton or down 3.61 percent compared with April 2011 Coal reference price. Government has taken around nine days to release this month HBA.
The declared ICRP for this month was dropped by US$ 0.41 per mt and it was the third continues drop since March 2011.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 52 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transhipment 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.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
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- Globalindo Alam Lestari - Indonesia
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- Indian Energy Exchange, India
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- Singapore Mercantile Exchange
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- The Treasury - Australian Government
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- Siam City Cement PLC, Thailand
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- Eastern Coal Council - USA
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- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
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- Price Waterhouse Coopers - Russia
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- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
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- Neyveli Lignite Corporation Ltd, - India
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- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
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- Georgia Ports Authority, United States
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- Indonesian Coal Mining Association
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
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- White Energy Company Limited
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- Central Electricity Authority - India
- Xindia Steels Limited - India
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- Commonwealth Bank - Australia
- Trasteel International SA, Italy
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- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
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- Economic Council, Georgia
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- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
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- Oldendorff Carriers - Singapore
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- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
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- The University of Queensland
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- PowerSource Philippines DevCo
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- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
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- European Bulk Services B.V. - Netherlands
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- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
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- Merrill Lynch Commodities Europe
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- Electricity Authority, New Zealand
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- Asmin Koalindo Tuhup - Indonesia
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