HMA for 20 Commodities and HBA for Four Coal Commodities Stipulated for November 2023 Period

  • The Minister of Energy and Mineral Resources ("Minister") has issued Decree No. 394.K/MB.01/MEM.B/2023 on Reference Prices for Metal Minerals (Harga Mineral Logam Acuan – "HMA") and Reference Prices for Coal (Harga Batubara Acuan – "HBA"), which has been in force since 10 November 2023 and which will be applicable throughout November 2023.
  • HMA have been stipulated for 20 commodities, as listed under Appendix I to the Decree, including: 1) Nickel; 2) Cobalt; 3) Zinc; 4) Aluminum; 5) Gold/silver as associated minerals; 6) Gold/silver metals; 7) Chrome ore; 8) Ilmenite concentrate; 9) Titanium concentrate; 10) Laterite/hematite/magnetite iron ore.
  • HBA have been stipulated for four commodities, as listed under Appendix II to the Decree, specifically the following types of coal: 1) Coal (6,322 GAR); 2) Coal I (5,300 GAR); 3) Coal III (4,100 GAR); and 4) Coal III (3,400 GAR).  
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  • The Minister of Energy and Mineral Resources ("Minister") has issued Decree No. 394.K/MB.01/MEM.B/2023 on Reference Prices for Metal Minerals (Harga Mineral Logam Acuan – "HMA") and Reference Prices for Coal (Harga Batubara Acuan – "HBA"), which has been in force since 10 November 2023 and which will be applicable throughout November 2023.
  • HMA have been stipulated for 20 commodities, as listed under Appendix I to the Decree, including: 1) Nickel; 2) Cobalt; 3) Zinc; 4) Aluminum; 5) Gold/silver as associated minerals; 6) Gold/silver metals; 7) Chrome ore; 8) Ilmenite concentrate; 9) Titanium concentrate; 10) Laterite/hematite/magnetite iron ore.
  • HBA have been stipulated for four commodities, as listed under Appendix II to the Decree, specifically the following types of coal: 1) Coal (6,322 GAR); 2) Coal I (5,300 GAR); 3) Coal III (4,100 GAR); and 4) Coal III (3,400 GAR).  
......

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