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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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Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...
Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
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Showing 4566 to 4570 news of total 6871 |
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- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
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