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Monday, 07 May 12
INDONESIAN HBA FALL AGAIN IN MAY 2012
 COALspot.com - Indonesian HBA fall again to lowest level since January 2011 in May 2012. The monthly coal reference price for coal sales in May fell 3.30%, the lowest dropped in last 17 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2012 at US$ 102.12 per ton, US$ 3.49 lower than April 2012 Price.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the April 2012 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-1 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.
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 May 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 spot and term contracts. However the full implementation of HBA has started only since September 2011.
The May 2012 HBA was 13.17% or $15.49 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 31 May 2012), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous 3 months will be used to determine the selling price. (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 61 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.
The Indonesian government is also expecting to introduce a coal export duty for coal in near future. According to officials, the proposal is in discussion among the high level officers to determine the percentage of duty. There will be two different types of duty could be introduced such as lower duty for higher calorific value coal and higher duty for unprocessed lower calorific value.
The government also has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. 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 and avoid proposed export ban.
In coming months Indonesian coal industry can see number of new regulations.
Click here for complete details of Indonesian coal reference prices since January 2009.(cs)
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Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR
COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at ...
Friday, 13 April 12
MINERS OPPOSE GOVTS EXPORT TAX PLAN - THE JAKARTA POST
The Jakarta Post reported that, Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on ...
Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor& ...
Thursday, 12 April 12
FIRST QUARTER OF 2012 SAW AN ADDITIONAL 24.2 MILLION DWT OF DRY BULK CARRIERS ENTERING THE FLEET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The inflow of newbuilt dry bulk vessels was larger than expected in the first quarter of 2012. As much as 24.2 million DWT were added to the fleet. ...
Wednesday, 11 April 12
TWO PERCENT OF IBP CONCESSION CONTAINS 42 MMT OF COAL
COALspot.com - 42.35 million ton of coal found in just 2% of PT Insani Bara Perkasa’s total concession area of 24,477 hectare.
Accord ...
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- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
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