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Wednesday, 03 April 13
HBA HAS LOST US$ 1.53 PER MT IN APRIL 2013
 COALspot.com - The Indonesian government’s declared coal bench mark price has lost $1.53 / MT in April 2013.
The monthly coal reference price for coal sales in April 2013 lost 1.70 percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for April 2013 at US$ 88.56 per ton, US$ 1.53 lower than March 2013 bench mark Price.
HBA is on a rising trend since November 2012, but lost this month.
This coal benchmark price was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the March 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 – 30 April 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 April 2013 HBA is 16.14 percent or $ 17.05 lower Y-o-Y basis.
All time high HBA was declared in February 2011 (US$ 127.05 / MT) and lowest was declared in May 2009 (US$ 62.83/ MT).
The price was only valid for the spot price (loading on or before 30 April 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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Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND
COALspot.com – This week freight market was raised and remained firm in all segments.
The BDI was up by 6.70 pct closed at 843 points, ...
Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...
Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...
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 ...
Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- White Energy Company Limited
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- The University of Queensland
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
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