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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, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the lo ...
Wednesday, 14 December 11
TIMAH PLANS TO BOOST ITS COAL PRODUCTION TO TWO MILLION TONS PER ANNUM - SOURCES
COALspot.com - Timah plans to boost its coal production to two million tons per annum. The company also expects to acquire coal concession with mini ...
Wednesday, 14 December 11
BORNEO RESOURCE INVESTMENTS LTD. FINALIZES ACQUISITION OF INTEGRA PRIMA
COALspot.com - Borneo Resource Investments Ltd., announced that it has finalized the acquisition of an additional 1,300 hectare coal mining concessi ...
Tuesday, 13 December 11
BERAU COAL SCOUTS US$1.61 BIO SALES - INSIDER STORIES
Insider Stories reported that, coal mining company PT Berau Coal Energy Tbk (BRAU), that is 85% owned by London-listed company Bumi Plc, estimates a ...
Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
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- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Bhatia International Limited - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
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