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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, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
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