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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, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
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- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Economic Council, Georgia
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- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Chamber of Mines of South Africa
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- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mintek Dendrill Indonesia
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- Bharathi Cement Corporation - India
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- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
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- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
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- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
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- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
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- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
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- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
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- Kumho Petrochemical, South Korea
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- Ambuja Cements Ltd - India
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- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
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- Parliament of New Zealand
- Orica Australia Pty. Ltd.
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- The State Trading Corporation of India Ltd
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- CIMB Investment Bank - Malaysia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
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- Standard Chartered Bank - UAE
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- The Treasury - Australian Government
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- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
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- Merrill Lynch Commodities Europe
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- PTC India Limited - India
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- South Luzon Thermal Energy Corporation
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- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
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- Indian Oil Corporation Limited
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