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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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Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
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Showing 4586 to 4590 news of total 6871 |
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- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- The University of Queensland
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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