COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE


COALspot.com -  The Indonesian government’s declared coal bench mark price has lost $ 3.23  / MT in May 2013.

The monthly coal price reference for coal sales in May 2013 lost 3.65  percent compared to last month. The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price for May 2013  at US$ 85.33 per ton, US$ 3.23 lower than April 2013 bench mark Price.

HBA is on a rising trend since November 2012, but lost its way to reach US$ 100/ MT since last 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 May 2013 HBA is 16.44 percent or $ 16.79 lower Y-o-Y basis.

February 2011 declared HBA was the highest  since the launching of HBA by government of Indonesia (US$ 127.05 / MT) but lowest was declared in May 2009 (US$ 62.83/ MT).

The price was only valid for the spot price (loading on or before 31 May 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 price marker 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 63 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. Government has recently issued a regulation (644.K/30/DJB/2013 dated 21 March 2013) to regulate or determine  coal prices on FOB barge.  Government also fixed the freight for barging, surveyor, insurance and etc.. to determine FOB barge price.

The coal price reference, 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.

Click here  for complete Indonesian coal price reference since January 2009.(cs)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


Sunday, 28 April 13
PANAMAX FREIGHT COULD BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - This BDI closed slightly lower at 871 points (down by 1.91 pct)  mainly due to drop in the Panamax index by almost 10 pct. Th ...


   858 859 860 861 862   
Showing 4296 to 4300 news of total 6871
News by Category
Popular News
 
Total Members : 28,620
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Wilmar Investment Holdings
  • DBS Bank - Singapore
  • JPMorgan - India
  • OCBC - Singapore
  • Carbofer General Trading SA - India
  • Altura Mining Limited, Indonesia
  • Bhatia International Limited - India
  • Panama Canal Authority
  • BNP Paribas - Singapore
  • Thailand Anthracite
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • LBH Netherlands Bv - Netherlands
  • SRK Consulting
  • Pendopo Energi Batubara - Indonesia
  • Agrawal Coal Company - India
  • The Treasury - Australian Government
  • Vijayanagar Sugar Pvt Ltd - India
  • UOB Asia (HK) Ltd
  • Mitra SK Pvt Ltd - India
  • Directorate Of Revenue Intelligence - India
  • Marubeni Corporation - India
  • Credit Suisse - India
  • Cement Manufacturers Association - India
  • Alfred C Toepfer International GmbH - Germany
  • Goldman Sachs - Singapore
  • bp singapore
  • BRS Brokers - Singapore
  • Latin American Coal - Colombia
  • Vitol - Bahrain
  • Tata Chemicals Ltd - India
  • McConnell Dowell - Australia
  • SASOL - South Africa
  • Economic Council, Georgia
  • HSBC - Hong Kong
  • Intertek Mineral Services - Indonesia
  • Jaiprakash Power Ventures ltd
  • PTC India Limited - India
  • Barclays Capital - USA
  • Cargill India Pvt Ltd
  • CCIC - Indonesia
  • Asia Cement - Taiwan
  • Russian Coal LLC
  • ETA - Dubai
  • World Bank
  • Inspectorate - India
  • Australian Coal Association
  • Singapore Mercantile Exchange
  • Mechel - Russia
  • Jatenergy - Australia
  • PNOC Exploration Corporation - Philippines
  • Bukit Baiduri Energy - Indonesia
  • WorleyParsons
  • Leighton Contractors Pty Ltd - Australia
  • Indo Tambangraya Megah - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • ACC Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • CNBM International Corporation - China
  • Coalindo Energy - Indonesia
  • Arch Coal - USA
  • Merrill Lynch Bank
  • Formosa Plastics Group - Taiwan
  • MEC Coal - Indonesia
  • Xstrata Coal
  • Holcim Trading Pte Ltd - Singapore
  • Australian Commodity Traders Exchange
  • TeaM Sual Corporation - Philippines
  • GNFC Limited - India
  • Siam City Cement - Thailand
  • Thriveni
  • Vale Mozambique
  • Thiess Contractors Indonesia
  • Parry Sugars Refinery, India
  • Makarim & Taira - Indonesia
  • Borneo Indobara - Indonesia
  • TGV SRAAC LIMITED, India
  • Metalloyd Limited - United Kingdom
  • Japan Coal Energy Center
  • Jorong Barutama Greston.PT - Indonesia
  • IEA Clean Coal Centre - UK
  • Coeclerici Indonesia
  • Coastal Gujarat Power Limited - India
  • Sakthi Sugars Limited - India
  • CIMB Investment Bank - Malaysia
  • GAC Shipping (India) Pvt Ltd
  • EMO - The Netherlands
  • Bangkok Bank PCL
  • ING Bank NV - Singapore
  • PLN Batubara - Indonesia
  • Central Electricity Authority - India
  • Sojitz Corporation - Japan
  • KEPCO - South Korea
  • Cebu Energy, Philippines
  • Savvy Resources Ltd - HongKong
  • Port Waratah Coal Services - Australia
  • Enel Italy
  • Energy Development Corp, Philippines
  • Shenhua Group - China
  • Adaro Indonesia
  • GMR Energy Limited - India
  • Bank of America
  • Samtan Co., Ltd - South Korea
  • Petron Corporation, Philippines
  • The India Cements Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Electricity Generating Authority of Thailand
  • Posco Energy - South Korea
  • Simpson Spence & Young - Indonesia
  • APGENCO India
  • Total Coal South Africa
  • Indian Oil Corporation Limited
  • Bangladesh Power Developement Board
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Mercuria Energy - Indonesia
  • Independent Power Producers Association of India
  • Karbindo Abesyapradhi - Indoneisa
  • Petrochimia International Co. Ltd.- Taiwan
  • Directorate General of MIneral and Coal - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Eastern Coal Council - USA
  • VISA Power Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Anglo American - United Kingdom
  • Shree Cement - India
  • Iligan Light & Power Inc, Philippines
  • Argus Media - Singapore
  • Therma Luzon, Inc, Philippines
  • Maybank - Singapore
  • NALCO India
  • Semirara Mining Corp, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Salva Resources Pvt Ltd - India
  • Indian Energy Exchange, India
  • Electricity Authority, New Zealand
  • Parliament of New Zealand
  • Sucofindo - Indonesia
  • Clarksons - UK
  • Indika Energy - Indonesia
  • Deutsche Bank - India
  • AsiaOL BioFuels Corp., Philippines
  • Vizag Seaport Private Limited - India
  • GHCL Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Renaissance Capital - South Africa
  • Star Paper Mills Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Heidelberg Cement - Germany
  • TANGEDCO India
  • Gujarat Sidhee Cement - India
  • Cemex - Philippines
  • ICICI Bank Limited - India
  • Antam Resourcindo - Indonesia
  • Fearnleys - India
  • Riau Bara Harum - Indonesia
  • San Jose City I Power Corp, Philippines
  • Maersk Broker
  • Standard Chartered Bank - UAE
  • Indonesia Power. PT
  • Noble Europe Ltd - UK
  • Timah Investasi Mineral - Indoneisa
  • IBC Asia (S) Pte Ltd
  • Sarangani Energy Corporation, Philippines
  • Mitsubishi Corporation
  • Energy Link Ltd, New Zealand
  • Pinang Coal Indonesia
  • Minerals Council of Australia
  • South Luzon Thermal Energy Corporation
  • Cardiff University - UK
  • India Bulls Power Limited - India
  • Moodys - Singapore
  • NTPC Limited - India
  • Ministry of Transport, Egypt
  • Bharathi Cement Corporation - India
  • Ministry of Finance - Indonesia
  • Indogreen Group - Indonesia
  • Coal Orbis AG
  • Samsung - South Korea
  • KPCL - India
  • J M Baxi & Co - India
  • Kohat Cement Company Ltd. - Pakistan
  • PetroVietnam
  • Maheswari Brothers Coal Limited - India
  • Meenaskhi Energy Private Limited - India
  • Kumho Petrochemical, South Korea
  • Glencore India Pvt. Ltd
  • SN Aboitiz Power Inc, Philippines
  • globalCOAL - UK
  • SGS (Thailand) Limited
  • Sinarmas Energy and Mining - Indonesia
  • Adani Power Ltd - India
  • Commonwealth Bank - Australia
  • Eastern Energy - Thailand
  • Trasteel International SA, Italy
  • McKinsey & Co - India
  • Reliance Power - India
  • Rudhra Energy - India
  • Geoservices-GeoAssay Lab
  • Inco-Indonesia
  • Peabody Energy - USA
  • Billiton Holdings Pty Ltd - Australia
  • Freeport Indonesia
  • Indonesian Coal Mining Association
  • Ernst & Young Pvt. Ltd.
  • The State Trading Corporation of India Ltd
  • Chamber of Mines of South Africa
  • IMC Shipping - Singapore
  • U S Energy Resources
  • Malco - India
  • Georgia Ports Authority, United States
  • London Commodity Brokers - England
  • International Coal Ventures Pvt Ltd - India
  • Mjunction Services Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Bukit Makmur.PT - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Permata Bank - Indonesia
  • Gresik Semen - Indonesia
  • KOWEPO - South Korea
  • Indorama - Singapore
  • Tanito Harum - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Global Coal Blending Company Limited - Australia
  • TNPL - India
  • Infraline Energy - India
  • Thai Mozambique Logistica
  • Edison Trading Spa - Italy
  • Kideco Jaya Agung - Indonesia
  • Medco Energi Mining Internasional
  • White Energy Company Limited
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Platts
  • KPMG - USA
  • Interocean Group of Companies - India
  • Mercator Lines Limited - India
  • IHS Mccloskey Coal Group - USA
  • SMG Consultants - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Platou - Singapore
  • Bahari Cakrawala Sebuku - Indonesia
  • Malabar Cements Ltd - India
  • Bhushan Steel Limited - India
  • EIA - United States
  • GB Group - China
  • Qatrana Cement - Jordan
  • Barasentosa Lestari - Indonesia
  • Coal and Oil Company - UAE
  • Thomson Reuters GRC
  • Bukit Asam (Persero) Tbk - Indonesia
  • Madhucon Powers Ltd - India
  • Coaltrans Conferences
  • Oldendorff Carriers - Singapore
  • JPower - Japan
  • Mintek Dendrill Indonesia
  • Bulk Trading Sa - Switzerland
  • Siam City Cement PLC, Thailand
  • Larsen & Toubro Limited - India
  • Indian School of Mines
  • GN Power Mariveles Coal Plant, Philippines
  • Dalmia Cement Bharat India
  • Meralco Power Generation, Philippines
  • Merrill Lynch Commodities Europe
  • Orica Australia Pty. Ltd.
  • Thermax Limited - India
  • Straits Asia Resources Limited - Singapore
  • Banpu Public Company Limited - Thailand
  • Mitsui
  • Ministry of Mines - Canada
  • MS Steel International - UAE
  • Maharashtra Electricity Regulatory Commission - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Baramulti Group, Indonesia
  • Jindal Steel & Power Ltd - India
  • Orica Mining Services - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • SUEK AG - Indonesia
  • Maruti Cements - India
  • Bhoruka Overseas - Indonesia
  • ANZ Bank - Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Wood Mackenzie - Singapore
  • IOL Indonesia
  • Attock Cement Pakistan Limited
  • Gujarat Mineral Development Corp Ltd - India
  • Chettinad Cement Corporation Ltd - India
  • Africa Commodities Group - South Africa
  • Globalindo Alam Lestari - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Videocon Industries ltd - India
  • Ince & co LLP
  • Idemitsu - Japan
  • Berau Coal - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Grasim Industreis Ltd - India
  • Runge Indonesia
  • Tata Power - India
  • PLN - Indonesia
  • Lafarge - France
  • Uttam Galva Steels Limited - India
  • Tamil Nadu electricity Board
  • Central Java Power - Indonesia
  • ASAPP Information Group - India
  • Lanco Infratech Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Coal India Limited
  • Gupta Coal India Ltd
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • CESC Limited - India
  • Vedanta Resources Plc - India
  • Rashtriya Ispat Nigam Limited - India
  • Core Mineral Indonesia
  • Planning Commission, India
  • Global Business Power Corporation, Philippines
  • Arutmin Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Deloitte Consulting - India
  • Britmindo - Indonesia
  • CoalTek, United States
  • Manunggal Multi Energi - Indonesia
  • Petrosea - Indonesia
  • SMC Global Power, Philippines
  • Kepco SPC Power Corporation, Philippines
  • Romanian Commodities Exchange
  • European Bulk Services B.V. - Netherlands
  • Kobe Steel Ltd - Japan
  • Xindia Steels Limited - India
  • Essar Steel Hazira Ltd - India
  • Aboitiz Power Corporation - Philippines
  • New Zealand Coal & Carbon
  • Aditya Birla Group - India
  • GVK Power & Infra Limited - India
  • Surastha Cement
  • Humpuss - Indonesia
  • UBS Singapore
  • Bank of China, Malaysia
  • Karaikal Port Pvt Ltd - India
  • PowerSource Philippines DevCo
  • Binh Thuan Hamico - Vietnam
  • Kalimantan Lumbung Energi - Indonesia
  • Asian Development Bank
  • Rio Tinto Coal - Australia
  • World Coal - UK
  • Sindya Power Generating Company Private Ltd
  • Kobexindo Tractors - Indoneisa
  • Power Finance Corporation Ltd., India
  • RBS Sempra - UK
  • Ambuja Cements Ltd - India
  • The University of Queensland
  • Price Waterhouse Coopers - Russia
  • Sical Logistics Limited - India
  • Cosco
  • TRAFIGURA, South Korea