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Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal commodities. The new rules are contained in the Minister of Energy and Mineral Resources Decree No. 41.K/MB.01/MEM.B/2023.
Referring to the new regulation, there are three reference prices for coal.
The government, in this case the Ministry of Energy and Mineral Resources (ESDM) has officially changed the guideline for determining the benchmark price for the sale of coal commodities. The new rules are contained in the Minister of Energy and Mineral Resources Decree No. 41.K/MB.01/MEM.B/2023.
HBA (Calorific Value - 6200 - 6400 GAR coal)
The Reference Coal Price (in the equivalent calorific value of 6,322 kcal/kg GAR, Total Moisture 12.58%, Total Sulfur 0.71% and Ash 7.58%, the HBA is: HBA = (0.7*Pm) + (0.3 *Pm-1) (US$/ton) Pm is the average selling price of coal with calories 6,200 -6,400 kcal/kg GAR in the previous month (US$/ton) Pm-1 is the average selling price of coal with calories of 6,200 -6,400 kcal/kg GAR in the previous two months (US$/tonne).
HBA I (Calorific Value - 5100 - 5300 GAR coal)
The Reference Coal Price (in the equivalent calorific value of 5,200 kcal/kg GAR, Total Moisture 23.12%, Total Sulfur 0.69% and Ash 6%, the HBA is: HBA I = (0.7*Pm) + (0.3 *Pm-1) (US$/ton) Pm is the average selling price of coal with calories 5,100 -5,300 kcal/kg GAR in the previous month (US$/ton) Pm-1 is the average selling price of coal with calories of 5,100 -5,300 kcal/kg GAR in the previous two months (US$/tonne).
HBA II (Calorific Value - 4100 - 4300 GAR coal)
The Reference Coal Price II (in the equivalent calorific value of 4,200 kcal/kg GAR, Total Moisture 35.29%, Total Sulfur 0.2% and Ash 4.21%, the HBA: HBA II = (0.7*Pm) + (0.3*Pm-1) (US$/ton). Pm is the average selling price of coal with calories 4,100 -4,300 kcal/kg GAR in the previous month (US$/ton). Pm-1 is the average price selling coal with calories of 4,100 -4,300 kcal/kg GAR in the previous two months (US$/tonne)..
The implementation of this formula since 27 on February 2023. Any transactions on and after 27 February 2023 is subject to this new formula.
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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- SMC Global Power, Philippines
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- Holcim Trading Pte Ltd - Singapore
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- McConnell Dowell - Australia
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- Price Waterhouse Coopers - Russia
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- Bharathi Cement Corporation - India
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- Indian Energy Exchange, India
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- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
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- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
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- SMG Consultants - Indonesia
- Eastern Energy - Thailand
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- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
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- Videocon Industries ltd - India
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- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
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- Mjunction Services Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
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- Economic Council, Georgia
- Lanco Infratech Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
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- New Zealand Coal & Carbon
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- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
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- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
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- Bhoruka Overseas - Indonesia
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- Independent Power Producers Association of India
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- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
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- Bukit Makmur.PT - Indonesia
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- Merrill Lynch Commodities Europe
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- ASAPP Information Group - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
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- Electricity Authority, New Zealand
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- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
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- Australian Coal Association
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- Indonesian Coal Mining Association
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