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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
 COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month fell 5.36 percent, the lowest dropped in last 18 Months.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for June 2012 at US$ 96.65 per ton, US$ 5.47 lower than May 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 May 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 – 30 June 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 June 2012 HBA was 18.80 percent or $22.38 lower on Y-o-Y basis.
The price was only valid for the spot price (loading before 30 June 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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Friday, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000 Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...
Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy
The market remained variable.
Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...
Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...
Tuesday, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
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- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- White Energy Company Limited
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
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