Kamis, Juni 15, 2023

Govt. Sets Applicable Reference Prices for Metal Minerals and Coal Commodities for the June 2023 Period

The Minister of Energy and Mineral Resources (“Minister”) has set various applicable Reference Prices for Metal Minerals (Harga Mineral Logam Acuan – “HMA”) and Reference Prices for Coal (Harga Batubara Acuan – “HBA”) for the June 2023 period through the issuance of Decree No. 119.K/MB.01/MEM.B/2023 (“Decree 119/2023”), which has been in force since 12 June 2023.
As detailed under Appendix I to Decree 119/2023, the applicable HMA should be utilized as a reference during calculations of applicable Metal Mineral Benchmark Prices(Harga Patokan Mineral Logam/HPM) for June 2023. In this regard, the HMA apply to 20 types of metal mineral commodities, including: 1) Nickel (US$ 23,317/DMT); 2) Cobalt (US$ 34,493/DMT); 3) Lead (US$ 2,122.10/DMT); 4) Zinc (US$ 2,602.20/DMT); and 5) Aluminum (US$ 2,307.03/DMT). (First and Third Dictums, Appendix I)
Meanwhile, the applicable HBA are comprehensively detailed under Appendix II to Decree 119/2023. Said reference prices should be utilized as a reference during calculations of applicable Coal Benchmark Prices (Harga Patokan Batubara/HPB) for June 2023. The applicable HBA for the abovementioned coal commodities break down as follows: 1) Coal (with 6,322 Gross as Received [“GAR”]): US$ 191.26/ton; 2) Coal II (with 5,200 GAR): US$ 112.59/ton; and 3) Coal III (with 4,200 GAR): US$ 78.35/ton.

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The Minister of Energy and Mineral Resources (“Minister”) has set various applicable Reference Prices for Metal Minerals (Harga Mineral Logam Acuan – “HMA”) and Reference Prices for Coal (Harga Batubara Acuan – “HBA”) for the June 2023 period through the issuance of Decree No. 119.K/MB.01/MEM.B/2023 (“Decree 119/2023”), which has been in force since 12 June 2023.
As detailed under Appendix I to Decree 119/2023, the applicable HMA should be utilized as a reference during calculations of applicable Metal Mineral Benchmark Prices(Harga Patokan Mineral Logam/HPM) for June 2023. In this regard, the HMA apply to 20 types of metal mineral commodities, including: 1) Nickel (US$ 23,317/DMT); 2) Cobalt (US$ 34,493/DMT); 3) Lead (US$ 2,122.10/DMT); 4) Zinc (US$ 2,602.20/DMT); and 5) Aluminum (US$ 2,307.03/DMT). (First and Third Dictums, Appendix I)
Meanwhile, the applicable HBA are comprehensively detailed under Appendix II to Decree 119/2023. Said reference prices should be utilized as a reference during calculations of applicable Coal Benchmark Prices (Harga Patokan Batubara/HPB) for June 2023. The applicable HBA for the abovementioned coal commodities break down as follows: 1) Coal (with 6,322 Gross as Received [“GAR”]): US$ 191.26/ton; 2) Coal II (with 5,200 GAR): US$ 112.59/ton; and 3) Coal III (with 4,200 GAR): US$ 78.35/ton.

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