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Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL


COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since February  2010 to be used by coal producers for all future spot and term 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  delivery free on Board (FOB) Vessel.

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

The declared coal price reference for July 2010 is US$ 96.65 per Ton FOB vessel down by 0.58 percent from June 2010 Coal price reference. June 2010 coal price reference was US$ 97.22.

Click here for complete details of Indonesian coal price reference (cs)



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