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Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
 COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell to lowest level since September 2010. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for August 2012 at US$ 84.65 per ton, US$ 2.91 lower than July 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 – 31 August 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 August 2012 HBA was 27.78 percent or $ 32.56 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 31 August 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 been revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
The government has recently introduced export duty for unprocessed minerals but coal was missing in the recent regulation. According to Mining law 04/2009, the coal producers of Indonesia were asked to add value for their product such as washing, crushing, blending and upgrading to have a higher-value product prior to eye on the export market and avoid proposed export ban.
Coal traders must hold IUP OPK to sell or buy coal in Indonesia. Coal traders are requested to obtain IUP OPK from mining department to sell or buy coal in Indonesia as well as to export to overseas market.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- PTC India Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
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