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, 13 August 14
WEEKLY MARKET INSIGHT - KONSTANTINOS KONTOMICHIS SNP BROKER
Being at the peak of the holiday season, August is, as usual, the quietest month in terms of snp transactions, yet it is also a time very critical ...


Wednesday, 13 August 14
WHAT DOES PROJECT CARGO REALLY MEAN TO INSURERS?
KNOWLEDGE TO ELEVATE Richard Kamppari-Baker, claims manager of FP Marine Risks, explains the challenges of project cargo risk assessment from ...


Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of A ...


Monday, 11 August 14
LARGEST CHINESE TRADE SURPLUS EVER RECORDED IN JULY - BIMCO
China recorded a trade surplus of USD 47.3 billion in July 2014. The record high surplus came on the back of very strong export growth while import ...


Monday, 11 August 14
INDONESIAN THERMAL COAL SWAPS SEEING SOME POSITIVE TREND
COALspot.com: Indonesian coal swaps for average September 2014 increased US$ 0.20 (+0.36%) day on day and US$ 1.30 (+2.41%) per mt week on week. Th ...


   708 709 710 711 712   
Showing 3546 to 3550 news of total 6871
News by Category
Popular News
 
Total Members : 28,637
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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