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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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Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Eastern Coal Council - USA
- The University of Queensland
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- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Economic Council, Georgia
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- Altura Mining Limited, Indonesia
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- IHS Mccloskey Coal Group - USA
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- Central Electricity Authority - India
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- India Bulls Power Limited - India
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- New Zealand Coal & Carbon
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- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- White Energy Company Limited
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- Electricity Generating Authority of Thailand
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- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
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- Sindya Power Generating Company Private Ltd
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- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
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- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
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- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
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- Africa Commodities Group - South Africa
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- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
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- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
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- Mjunction Services Limited - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
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- Sarangani Energy Corporation, Philippines
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- Ministry of Mines - Canada
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- Standard Chartered Bank - UAE
- Planning Commission, India
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- Australian Coal Association
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- Sojitz Corporation - Japan
- Eastern Energy - Thailand
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- Indika Energy - Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
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- PNOC Exploration Corporation - Philippines
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- Commonwealth Bank - Australia
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- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
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- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
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- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
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- Kapuas Tunggal Persada - Indonesia
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- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
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- Global Business Power Corporation, Philippines
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