- The Minister of Energy and Mineral Resources has issued Decree No. 447.K/MB.01/MEM.B/2023 of 2023 on Reference Prices for Metal Minerals and Reference Prices for Coal for December 2023, which has been in force since 20 December 2023.
- As detailed under Appendix I to the Decree, the applicable Reference Prices for Metal Minerals (Harga Mineral Logam Acuan/HMA) have been stipulated for 20 types of metal mineral commodities, which shall be utilized as a reference in calculating Metal Mineral Benchmark Prices (Harga Patokan Mineral Logam/HPM) for December 2023, including: 1) Nickel (US$17,653.33/DMT); 2) Cobalt (US$32,997.38/DMT); 3) Lead (US$2,166.93/DMT); 4) Zinc (US$2,509.48/DMT); 5) Aluminum (US$2,205.40/DMT); and so forth.
- Meanwhile, the applicable Reference Prices for Coal (Harga Batubara Acuan/HBA) have been stipulated for four types of coal commodities under Appendix II to the Decree, which shall be utilized as a reference in calculating Coal Benchmark Prices (Harga Patokan Batubara/HPB), including: 1) Coal (with 6,322 Gross As Received ["GAR"]): US$117.38/ton; 2) Coal I (with 5,300 GAR): US$85.92/ton; 3) Coal II (with 4,100 GAR): US$57.70/ton; and 4) Coal III (with 3,400 GAR): US$34.18/ton.
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