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Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
 COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference price for coal sales in March 2013 gained 1.97 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for March 2013 at US$ 90.09 per ton, US$ 1.74 higher than February 2013 bench mark Price.
HBA is on a rising trend since November 2012. The government of Indonesia had expected the Indonesia coal reference price (HBA) to reach over US$100 per ton this year. If HBA continues its journey on this trend, then, it will reach government prediction within the end 2nd quarter 2013.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the February 2013 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 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 March 2013.
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 March 2013 HBA is 20.18 percent or $ 22.78 lower Y-o-Y basis.
The price was only valid for the spot price (loading on or before 31 March 2013), while as for term price (up to 12 months supplies), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month HPB, 30% of one month prior HPB and 20% of two-month 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 62 coal types with a quality similar to the coal price markers.
For sales in the 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.
Click here for complete Indonesian coal reference prices since January 2009.(cs)
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Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
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- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
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- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
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- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
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- Attock Cement Pakistan Limited
- Minerals Council of Australia
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- Mjunction Services Limited - India
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- London Commodity Brokers - England
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- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
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- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
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- Parliament of New Zealand
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- International Coal Ventures Pvt Ltd - India
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- Siam City Cement - Thailand
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- Romanian Commodities Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
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- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
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- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Singapore Mercantile Exchange
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- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
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- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
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- Larsen & Toubro Limited - India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
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- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
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- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
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- PNOC Exploration Corporation - Philippines
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- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
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- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
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- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
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- IEA Clean Coal Centre - UK
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- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- The University of Queensland
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
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- Alfred C Toepfer International GmbH - Germany
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- The Treasury - Australian Government
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- Meralco Power Generation, Philippines
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