Applicable HMA for Metal Mineral Commodities and HBA for Coal Commodities for the September 2023 Period Issued

  • 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 September 2023 period through the issuance of Decree No. 290.K/MB.01/MEM.B/2023 on Reference Prices for Metal Minerals and Reference Prices for Coal for the September 2023 Period ("Decree 290/2023"), which has been in force since 14 September 2023.
  • As detailed under Appendix I to Decree 290/2023, the applicable HMA should be utilized as a reference during calculations of applicable Metal Mineral Benchmark Prices (Harga Patokan Mineral Logam/HPM) for September 2023. In this regard, the HMA apply to 20 types of metal mineral commodities, including: 1) Nickel (US$ 20,827.73/DMT); 2) Cobalt (US$ 32,980.45/DMT); 3) Lead (US$ 2,132.09/DMT); 4) Zinc (US$ 2,429.05/DMT); and 5) Aluminum (US$ 2,151.57/DMT).
  • Meanwhile, the applicable HBA are comprehensively detailed under Appendix II to Decree 290/2023. Said reference prices should be utilized as a reference during calculations of applicable coal benchmark prices (Harga Patokan Batubara/HPB) for September 2023. The applicable HBA for the above-mentioned coal commodities break down as follows: 1) Coal (with 6,322 Gross as Received ["GAR"]): US$ 133.13/ton; 2) Coal I (with 5,300 GAR): US$ 89.11/ton; 3) Coal II (with 4,100 GAR): US$ 53.83/ton; and 4) Coal III (with 3,400 GAR): US$ 31.82/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 September 2023 period through the issuance of Decree No. 290.K/MB.01/MEM.B/2023 on Reference Prices for Metal Minerals and Reference Prices for Coal for the September 2023 Period ("Decree 290/2023"), which has been in force since 14 September 2023.
  • As detailed under Appendix I to Decree 290/2023, the applicable HMA should be utilized as a reference during calculations of applicable Metal Mineral Benchmark Prices (Harga Patokan Mineral Logam/HPM) for September 2023. In this regard, the HMA apply to 20 types of metal mineral commodities, including: 1) Nickel (US$ 20,827.73/DMT); 2) Cobalt (US$ 32,980.45/DMT); 3) Lead (US$ 2,132.09/DMT); 4) Zinc (US$ 2,429.05/DMT); and 5) Aluminum (US$ 2,151.57/DMT).
  • Meanwhile, the applicable HBA are comprehensively detailed under Appendix II to Decree 290/2023. Said reference prices should be utilized as a reference during calculations of applicable coal benchmark prices (Harga Patokan Batubara/HPB) for September 2023. The applicable HBA for the above-mentioned coal commodities break down as follows: 1) Coal (with 6,322 Gross as Received ["GAR"]): US$ 133.13/ton; 2) Coal I (with 5,300 GAR): US$ 89.11/ton; 3) Coal II (with 4,100 GAR): US$ 53.83/ton; and 4) Coal III (with 3,400 GAR): US$ 31.82/ton.
......

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