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Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL


COALspot.com:
The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by coal producers to price for all future coal sales.

Coal price reference  (HBA) was calculated from the monthly average of four international coal indices such as  Indonesian coal index / ICI 1,  Platts-1,New Castle Export Index and Newcastle globalCoal Index.

Coal price reference is based on coal with GCV (GAR)  6,322 kcal/kg; Total Moisture (arb) 8.00%; Total Sulphur 0.8%; Ash Content 15.00% and  free on Board (FOB) Vessel.

The coal price reference, which has been established to fulfill requirement of mining law 04/2009 and aims to increase government revenue from royalties from coal producers.

The declared coal price reference for  April 2010 was US$ 86.58/t FOB Vessel down 0.06 percent compare to March Coal price reference. March 2010 coal price reference was US$ 86.64 according to DJMBP - ESDM. (cs)



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