Manila (Platts)--10Dec2012/434 am EST/934 GMT

The Indonesian Ministry of Energy and Mines has set its December International Coal Price Reference for thermal coal at $81.75/mt, up slightly from $81.44/mt in November.

The figure is down 27% from $112.67/mt in December 2011.

The ICPR is a monthly price average based 25% on Platts Kalimantan 1 (5,900 GAR) assessment, 25% on the Argus-Indonesia Coal Index 1 (6,500 GAR), 25% on the Newcastle Export Index that was formerly the Barlow-Jonker index (6,322 GAR) of Energy Publishing, and 25% on the globalCOAL Newcastle (6,000 NAR) index.

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	International Coal Report and its daily companion, Coal Trader International, deliver expert and respected price assessments for coal trading in the Atlantic and Pacific markets including price assessments for European CIF ARA, FOB Newcastle, Richards Bay and Indonesia.

It is the basis for determining the prices for 70 Indonesian coal brands and for calculating the royalties Indonesian producers pay for coal sold locally or overseas.

It is based on coal with a heating value of 6,322 kcal/kg GAR, total moisture content of 8%, ash of 15% and sulfur of 0.8%.

--Cecilia Quiambao, cecilia_quiambao@platts.com
--Edited by Wendy Wells, wendy_wells@platts.com

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