Jumat, Agustus 18, 2023

Govt. Adjusts Benchmark Price Formula for Coal

In order to accommodate actual transactions relating to the sale of coal commodities, the Minister of Energy and Mineral Resources ("Minister") has adjusted the benchmark price formula for coal through the issuance of Decree of the Minister No. 227.K/MB.01/MEM.B/2023 on Guidelines for the Stipulation of Benchmark Prices for the Sale of Coal Commodities ("Decree 227/2023"), which comes into force on 11 August 2023.
As detailed under Appendix I to Decree 227/2023, the reference coal price category is determined through the following data: 1) Calorific value; 2) Total moisture percentage; and 3) Total sulfur percentage; and 4) Ash percentage. Furthermore, the variable for this price formula has now been adjusted from the use of the average coal sale price to the average weighted volume of the coal sale price.
The above-mentioned changes may consequently lead to the establishment of a formula for the determination of the coal benchmark price, as set out under Appendix II to Decree 227/2023.

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*Syarat dan ketentuan berlaku

In order to accommodate actual transactions relating to the sale of coal commodities, the Minister of Energy and Mineral Resources ("Minister") has adjusted the benchmark price formula for coal through the issuance of Decree of the Minister No. 227.K/MB.01/MEM.B/2023 on Guidelines for the Stipulation of Benchmark Prices for the Sale of Coal Commodities ("Decree 227/2023"), which comes into force on 11 August 2023.
As detailed under Appendix I to Decree 227/2023, the reference coal price category is determined through the following data: 1) Calorific value; 2) Total moisture percentage; and 3) Total sulfur percentage; and 4) Ash percentage. Furthermore, the variable for this price formula has now been adjusted from the use of the average coal sale price to the average weighted volume of the coal sale price.
The above-mentioned changes may consequently lead to the establishment of a formula for the determination of the coal benchmark price, as set out under Appendix II to Decree 227/2023.

......

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