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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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Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- Indonesian Coal Mining Association
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- Directorate General of MIneral and Coal - Indonesia
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- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
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- Sojitz Corporation - Japan
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- Rashtriya Ispat Nigam Limited - India
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- Xindia Steels Limited - India
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- Straits Asia Resources Limited - Singapore
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- Billiton Holdings Pty Ltd - Australia
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- Energy Link Ltd, New Zealand
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- Georgia Ports Authority, United States
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- Parliament of New Zealand
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- Economic Council, Georgia
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- Ministry of Mines - Canada
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- Timah Investasi Mineral - Indoneisa
- The University of Queensland
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- White Energy Company Limited
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- Jindal Steel & Power Ltd - India
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- Australian Commodity Traders Exchange
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- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- IEA Clean Coal Centre - UK
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- Intertek Mineral Services - Indonesia
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- The Treasury - Australian Government
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- Planning Commission, India
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- Commonwealth Bank - Australia
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- Agrawal Coal Company - India
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- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
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- Indo Tambangraya Megah - Indonesia
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