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Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
 COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal spot price benchmark for October 2011 at US$ 119.24 per ton, US$ 2.56 higher than September 2011 Price.
This coal benchmark price was calculated coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
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% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 October 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all future spot and term contracts. The June HBA was 28.65 percent higher Y-o-Y.
The price was only valid for the spot price, while as for term price, the average reference price (HPB) of the previous 3 months. (50% of last month HPB, 30% of a month earlier HPB and 20% of two-month earlier HPB) for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in the barge, the reference price is reduced by barging and transshipment 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. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tone and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
On Thursday, finance minister of Indonesia sets coal as one of 15 products – along with carbonated soft drinks; electric cigarettes; dyes, monosodium glutamate; and diamonds – that should be levied. Indonesia’s excise law says the government can impose excise, or a specific tax, on goods that have negative impact to humans or the environment, as reported by Jakarta Globe on 2 October 2011.
In coming years Indonesian coal industry will see a number of new regulations and restriction related to coal price and export.
Click here for complete details of Indonesian coal reference prices since Jan 2009.(cs)
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Thursday, 15 September 11
BOTSWANA COAL AND ENERGY CONFERENCE 2011
Press Release - Botswana Coal and Energy Conference 2011 | 29-30 November 2011 | Gaborone. Botswana represents Africa’s exciting new coal and ...
Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established d ...
Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months fro ...
Wednesday, 14 September 11
DUTA PERTIWI DISCOVERS COAL RESERVE - INSIDER STORIES
Insider Stories reported that, PT Duta Pertiwi Nusantara Tbk (DPNS) yesterday steeply jumped 24.56% to Rp710 a share after the company discove ...
Wednesday, 14 September 11
GOVT SETS SEPTEMBER COAL REFERENCE PRICE AT $116.26 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the September 2011 coal reference price at US$ 116.26 per ton slightly ...
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- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
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