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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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Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
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- Coal and Oil Company - UAE
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- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
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- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
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- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
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- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- The University of Queensland
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- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
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- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
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- Africa Commodities Group - South Africa
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- Sindya Power Generating Company Private Ltd
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- Trasteel International SA, Italy
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- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
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- PowerSource Philippines DevCo
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- London Commodity Brokers - England
- Sakthi Sugars Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Indian Energy Exchange, India
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- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
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- Australian Coal Association
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- India Bulls Power Limited - India
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- Dalmia Cement Bharat India
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- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
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- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
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- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
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- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
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- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
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- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
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- Economic Council, Georgia
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- PNOC Exploration Corporation - Philippines
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- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
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- Chamber of Mines of South Africa
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- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
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