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Investor Presentaiton

How are coal priced? adaro Different coal types from different regions have distinct quality. Indices are used to price different coal quality: - - - - - globalCOAL NEWC Index, the benchmark price for seaborne thermal coal in the Asia-Pacific region. Indonesia's Harga Batubara Acuan (HBA) comprising of: Indonesian Coal Index (ICI), gCN, and Platts 5900. QHD FOB (6,000 kc NAR) marker assess the price of Chinese coal that is being shipped into the domestic Chinese markets at the port of Qinhuangdao. RB Index: a coal price benchmark high CV thermal coal delivered FOB Richards Bay Coal Terminal in South Africa. DES ARA: coal price benchmark for high CV thermal coal delivered at the ports of Amsterdam / Rotterdam / Antwerp 43
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