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Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of May 201 to be used by coal producers to price for all future coal sales.
May 2010 HBA (Indonesian coal price reference) reaches US$ 92.07 Per ton FOB mother vessel compare to 86.58/t FOB vessel in April 2010.
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 May 2010 is US$ 92.07 FOB Vessel up 6.34 percent compared to April Coal price reference.
April 2010 coal price reference was US$ 86.58 per ton according to DJMBP (cs)
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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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- Intertek Mineral Services - Indonesia
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