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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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Friday, 09 September 11
SUPRA BARA SECURES $20 MILLION LOAN - JP
The Jakarta Post reported that, Coal miner PT Supra Bara Energi says it has secured a US$20 million loan facility from BNP Paribas to buy heavy equi ...
Friday, 09 September 11
CAPESIZE CAN SECURE USD 17-18K SHORT PERIOD - FEARNBULK
Handy
The US Gulf has remained relatively steady, slightly more activity in the South Atlantic with owners aiming for low to mid USD 20k´s f ...
Thursday, 08 September 11
UKRAINES COAL PRODUCTION TO RISE 8% - IFANDP
Industrial fuels & power reported that, Ukraine will increase its coal output by about 8% this year compared to last year, said the country&rsqu ...
Thursday, 08 September 11
DRY BULK MARKETS RALLY COMES TO AN END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected by analysts and shipbrokers alike, the latest rally of the dry bulk market came to a halt yesterday, with the Baltic Dry Inde ...
Thursday, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
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- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Central Electricity Authority - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- PTC India Limited - India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Economic Council, Georgia
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
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