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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, 31 October 22
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Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
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Wednesday, 19 October 22
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- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
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- New Zealand Coal & Carbon
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- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
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- Videocon Industries ltd - India
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- Thai Mozambique Logistica
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- Indonesian Coal Mining Association
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- South Luzon Thermal Energy Corporation
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- Karbindo Abesyapradhi - Indoneisa
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- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
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- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
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- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
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- Georgia Ports Authority, United States
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- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
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- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
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- Meenaskhi Energy Private Limited - India
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- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
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- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
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- Parliament of New Zealand
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- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
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- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
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- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
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- Indian Energy Exchange, India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Planning Commission, India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
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- Independent Power Producers Association of India
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- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
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- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
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- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
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- European Bulk Services B.V. - Netherlands
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