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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, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended 0700 hours 26 November 2012, Newc ...
Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
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- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
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