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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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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 ...
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 ...
Tuesday, 04 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
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- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
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