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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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Wednesday, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
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- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- The University of Queensland
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- The Treasury - Australian Government
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
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