» About Company                                                                                                                                                                                                                                                                                   09 Pebruari 2010

BACKGROUND

In 2004 Indonesia was the second largest coal exporting country, namely at 90 million tons below Australia at 107 millions ton. At present Indonesia has become the world largest thermal coal exporter. The largest Indonesian coal users are among others Japan, South Korea, China, Taiwan, Hongkong and a number of other Asian Countries.

At present, to determine Indonesia's coal export price reference is by using the price index of among others Australian (Barlow Jonker), Global, Platt, Argus, McCloskey's and Japanesse Benchmarking. For the business purposes Indonesia directly or indirectly, consequently, such a condition has caused Indonesian coal business players to be under the control of foreign parties.

If such a condition continues, there is to be a bad impact. Considering Indonesia's increasingly strong position, which has been counted for by world coal players, in the framework of determining a price yardstick, meaures taken to possess its own coal price index need to be supported.

To this end the effort to materialize the Indonesian Coal Price Index (ICI) constituates a strategic breaktrough to enable the government and the private sector to fully utilize ICI and yardstick in determining the transaction price of coal.


OBJECTIVE

The Indonesian Coal Index is to be able to function as a guide on the Indonesian coal price in the market at home and abroad. Besides, ICI is able to stimulate a sound competition in the coal business because of the availibility of price tranparency. Thus, the coal industry will be able to operate more efficiently and thereby gaining a better profit margin.


BENEFIT

Indonesia as the world largest thermal coal exporting country, is proper to possess its own coal price indec based on the spesific quality owned by Indonesia. Benefit obtained from ICI :