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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 since March 2012.
The monthly coal reference price for coal sales this month gain 1.84 percent from last month. August HBA was the lowest since September 2010, but September HBA took a "U" turn on positive direction. However this gain is really going to reflect the current market or going to improve the cuurent conditions of miners is subject to debatable. Coal producers are struggling to manage their coal mines due to low demand and price. The current high International oil prices are pushing production cost upward, however in the meantime, buyers are looking for lower coal prices.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for September 2012 loading at US$ 86.21 per ton, 1.84% higher than August 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 August 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 September 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 September 2012 HBA was 25.85 percent or $ 30.05 lower Y-o-Y basis.
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The price was only valid for the spot price (loading on or before 30 September 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 within 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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- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- The University of Queensland
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Planning Commission, India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
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