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Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
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 contracts.
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. According to djmbp, the October Indonesian coal price reference was calculated based on 25% of ICI-1 + 25% of Platts-1 + 25% of NEX and 25% of GC.
Assessment basis of coal price reference was calculated considering 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 declared coal price reference for October 2010 is US$ 92.68 per Ton FOB vessel up by US$ 2.63 or 2.92 percent from September 2010 Coal price reference. September 2010 coal price reference was at US$ 90.05.The coal price reference, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and aims to increase government revenue from royalties from coal producers. However, the actual physical market condition of Indonesian coal is stable or stable to firm instead of falls of International coal index as well as HBA.
According to coal producers, due to tight availability of coal for various reasons and recent new inquires from Korea, Taiwan and India, the actual physical coal prices of Indonesia are showing positive move and heading to north.
Click here for complete details of Indonesian coal price reference (cs)
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Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
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- Latin American Coal - Colombia
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- Orica Australia Pty. Ltd.
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- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
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- The University of Queensland
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- Economic Council, Georgia
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- Planning Commission, India
- Standard Chartered Bank - UAE
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- Trasteel International SA, Italy
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- Pipit Mutiara Jaya. PT, Indonesia
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- Mintek Dendrill Indonesia
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- Binh Thuan Hamico - Vietnam
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- Directorate General of MIneral and Coal - Indonesia
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