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Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Republic of Indonesia for Indonesian coals, fell 5.07 percent to US$ 90.05 per ton this month. ESDM has declared US$ 90.05 per ton for September 2010 supplies. Indonesian coal prices posted its third consecutive month of decline and lost 7.37 percent this month compare to June 2010. June 2010, HBA was at US$ 97.22 per ton.
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 September 2010 is US$ 90.05 per Ton FOB vessel down by 5.07 percent from August 2010 Coal price reference. August 2010 coal price reference was US$ 94.86 per ton. Indonesian coal used to be offered higher than government declared coal price reference, especially when buyers were dealing with higher calorific value coal and big scale branded coal supplier, industry sources said.
Click here for complete details of Indonesian coal price reference (cs)
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Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- International Coal Ventures Pvt Ltd - India
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- PTC India Limited - India
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- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
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- Thai Mozambique Logistica
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
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- Chettinad Cement Corporation Ltd - India
- The University of Queensland
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- Mintek Dendrill Indonesia
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- Bhoruka Overseas - Indonesia
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- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
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- Ministry of Finance - Indonesia
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