IHS Energy announced that it will update the specifications of its “IHS McCloskey Indonesian Sub-Bituminous FOB marker” to reflect a lower and narrower range of caloric values of steam coal for inclusion into the index, with effect from May 2, 2016. Upon implementation of the methodology change, the Indonesian Sub-Bituminous index assessment will reflect the caloric value of the steam coal that is exported by the Indonesian coal mining sector to meet electricity generation demands.
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