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Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. The government has sets the February 2012, HBA at US$ 111.58 Per ton for spot sales in the period from 1 - 29 February 2012.
For the term contract price, the average reference price (HBA) of the three months. 50 percent of the latest available month HPB, 30% of one month preceding HPB and 20% of two-month earlier HPB.
The February price is 2.1 percent higher than January 2012 price but 12.2 percent below February 2011 (US$ 127.05).
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. However, since September 2011, the government has fully implemented the HPB price mechanism for Indonesian coal.
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 (arb) 0.8%, Ash Content (arb)15.00% and delivery free on Board (FOB) Vessel basis spot & term contracts.
Government also declaring reference price for eight brands of Indonesian coal, which are most commonly traded in the market. The price marker is used to calculate other 53 coal types with a quality similar to the coal price markers.
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 price.(cs)
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Sunday, 15 January 12
THE FREIGHT MARKET CONTINUED TO BLEED - VISTAAR
COALspot.com - "The markets continued to bleed with BDI touching almost 1000 points , almost reaching the collapse of 2008 levels," said C ...
Saturday, 14 January 12
GOLDEN MINES TO SUPPLY 4 MIO TONS - INSIDER STORIES
Insider Stories reported that, Coal miner under Sinarmas Group PT Golden Energy Mines Tbk (GEMS), a subsidiary of PT Dian Swastatika Sentosa Tbk (DS ...
Friday, 13 January 12
DIFFICULT START OF 2012 FOR DRY BULK MARKET SEEN HARD TO CHANGE IN THE COURSE OF THE YEAR, UNLESS DEMOLITION PICKS UP
The dry bulk market has been on a freefall this week after a rocky start to the new year. Yesterday, the BDI (Baltic Dry Index) the industry's benc ...
Thursday, 12 January 12
DRY BULK MARKET CRASHING AT START OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept being on freefall mode yesterday, with the industry's benchmark, the BDI (Baltic Dry Index) losing a massive 5.17% on ...
Wednesday, 11 January 12
NEWBUILDING ORDERS DECLINE, AS SHIP OWNERS REALIZE OVERSUPPLY WILL "KILL" THEM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With 2012 now underway, it will be rather interesting to see how ship owners will play the "newbuilding ordering" card to their favor, as ...
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- TNB Fuel Sdn Bhd - Malaysia
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- Ministry of Transport, Egypt
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- Minerals Council of Australia
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- Merrill Lynch Commodities Europe
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- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Parliament of New Zealand
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- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
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- Star Paper Mills Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Metalloyd Limited - United Kingdom
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- Salva Resources Pvt Ltd - India
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- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
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- Borneo Indobara - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
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- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
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- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
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- Baramulti Group, Indonesia
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- Mercator Lines Limited - India
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- MS Steel International - UAE
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- Pipit Mutiara Jaya. PT, Indonesia
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- Global Business Power Corporation, Philippines
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- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
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- Tamil Nadu electricity Board
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- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
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- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
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- Australian Coal Association
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
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- Toyota Tsusho Corporation, Japan
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- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
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- VISA Power Limited - India
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- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
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- Chamber of Mines of South Africa
- Xindia Steels Limited - India
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- The Treasury - Australian Government
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
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- Tata Chemicals Ltd - India
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- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
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- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
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- Wilmar Investment Holdings
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