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
Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER

COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for the month of September sets at US$ 69.69 which 60 US cents lesser than last month HBA of US$ 70.29 per MT.  The declared Indonesian Coal Price Reference for this month is the lowest since November 2009.

The current Indonesian coal prices are almost reflecting its 2009 levels due to various reasons including excess output compared to low demand. Government of Indonesia is trying to introduce new regulations to eliminate illegal coal mining to control the unaccounted coal outputs. The export volume of Indonesian coal is still above around 32 - 35 million per month despite low coal prices. The government of Indonesia recently introduced ET-Batubara requirement to control coal export flow out of country. According to government's revised regulation, the new regulation will be in force starting from 1st October 2014.

However, September declared HBA is 10.92% or US$ 6.89 higher compared to May 2009 bench mark price of US$ 62.83 per MT, which was the lowest declared price in history of HBA. In the meantime the highest HBA was declared in February 2011 at US$ 127.05 per MT, which was US$ 57.36 per MT higher than this month declared HBA.

Indonesian coal benchmark price for September 2014 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using formula based on the August 2014 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25%.

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 2014.

The government of Indonesia is publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot and term contracts. However, the official implementation of HBA was commenced since September 2011. According to government regulation, the coal benchmark price must be used by the holders of production operation IUPs, special production operation IUP's, and CCoWs as a reference in determining the coal selling price for particular period.

The declared HBA of September 2014 was 9.36 per cent or $ 7.20 lower compared to the same period in year 2013. In the meantime, September 2014 HBA was US$ 57.36 or 45.15% lower compared to all time higher HBA which was declared in month of February 2011.

February 2011 declared HBA was the highest since the launching of HBA by government of Indonesia (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 September 2014), 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 percent of the latest available month HPB, 30 per cent of one month prior HPB and 20 percent 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 65 coal types with a quality similar to the coal price markers.

For sales in the barge, the reference price is reduced by barging and trans-shipment 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. Trans-shipment cost US$ 4.00/MT + Surveyor cost US$ 0.25/MT + Insurance 0.80% per shipment + Barging cost (for < 270 footer - (US$ 0.0221 X barging distance) + US$ 3.7406, for 270 - 330 footer - (US$ 0.0184 X barging distance) + US$ 3.1172 and > 330 footer - (US$ 0.0154 X barging distance) + US$ 2.6002.

The coal price reference is been established to fulfil the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it is aims to increase government revenue from royalties from coal producers.

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

COALspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such. COALspot.com will endeavor to update information where appropriate, but is under no obligation to do so. All third party users of this website and or data produced or published by the COALspot.com do so at their own risk. Read our Terms of Use | Privacy Policy | Disclaimer before use of this site.



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

Recent News

Wednesday, 03 September 14
CFR S.CHINA COAL SWAP FOR JAN 2015 DELIVERY CLOSED AT $ 68.30 PMT; DOWN 2.43% W-O-W
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 0.95 (-1.39%) day on day and US$ 1.40 (-2.03%) week on wee ...


Tuesday, 02 September 14
BERAU COAL HAS AWARDED A CONTRACT EXTENSION TO BUMA FOR 647 MLN BCM OVERBURDEN REMOVAL
COALspot.com: PT Delta Dunia Makmur Tbk (“DOID”) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (&l ...


Monday, 01 September 14
GLOBALCOAL WELCOMES TWO NEW MARKET MEMBERS
COALspot.com: globalCOAL® announced today that two Market Members have joined its trading community. Both new Market Members are from the India ...


Sunday, 31 August 14
COAL FREIGHT RATES INTO INDIA FROM INDONESIA FIRM
COALspot.com: The freight market continued to firm  this week. BDI up 5.42 percent week ended 29 August and closed at 1147 points while the Ca ...


Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark ...


   701 702 703 704 705   
Showing 3511 to 3515 news of total 6871
News by Category
Popular News
 
Total Members : 28,636
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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