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Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
 COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for March 2012 at US$ 112.87 per ton, US$ 1.29 higher than February 2012 Price.
This coal benchmark price was calculated coal with calorific value of 6,322kcal/kg (GAR), stated to be using formula based on the February 2012 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 March 2012.
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 March HBA was 7.80 percent lower 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 latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB)
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 62 coal types with a quality similar to the coal price markers.
For sales in 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.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried (according to the draft regulation posted on djmbp website) 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 once the regulation issued. The government has also issued a regulation (24/2012) which will limit foreign ownership in mines to 49 percent within 10 years of production.
In coming months Indonesian coal industry will see a number of new regulations.
Click here for complete details of Indonesian coal reference prices since Jan 2009.(cs)
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Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
Monday, 27 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
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- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- ASAPP Information Group - India
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
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