Applicable HMA for Metal Mineral Commodities and HBA for Coal Commodities Issued for April 2024

  • 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 April 2024 period through the issuance of Decree No. 88.K/MB.01/MEM.B/2024 ("Decree 88/2024"), which has been in force since 22 April 2024.
  • As detailed under Appendix I to Decree 88/2024, the applicable HMA should be utilized as a reference during calculations of applicable Metal Mineral Benchmark Prices (Harga Patokan Mineral Logam/HPM) for April 2024. In this regard, the HMA apply to 20 types of metal mineral commodities, including: 1) Nickel (US$ 17,424.52/DMT); 2) Cobalt (US$ 28,220.00/DMT); 3) Lead (US$ 2,089.40/DMT); 4) Zinc (US$ 2,433.93/DMT); and 5) Aluminum (US$ 8,544.57/DMT).
  • Meanwhile, the applicable HBA are comprehensively detailed under Appendix II to Decree 8/2024. Said reference prices should be utilized as a reference during calculations of applicable Coal Benchmark Prices (Harga Patokan Batubara/HPB) for April 2024. The applicable HBA for the above-mentioned coal commodities break down as follows: 1) Coal (with 6,322 Gross as Received ["GAR"]): US$ 121.13/ton; 2) Coal I (with 5,300 GAR): US$ 86.93/ton; 3) Coal II (with 4,100 GAR): US$ 57.17/ton; and 4) Coal III (with 3,400 GAR): US$ 36.32/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 April 2024 period through the issuance of Decree No. 88.K/MB.01/MEM.B/2024 ("Decree 88/2024"), which has been in force since 22 April 2024.
  • As detailed under Appendix I to Decree 88/2024, the applicable HMA should be utilized as a reference during calculations of applicable Metal Mineral Benchmark Prices (Harga Patokan Mineral Logam/HPM) for April 2024. In this regard, the HMA apply to 20 types of metal mineral commodities, including: 1) Nickel (US$ 17,424.52/DMT); 2) Cobalt (US$ 28,220.00/DMT); 3) Lead (US$ 2,089.40/DMT); 4) Zinc (US$ 2,433.93/DMT); and 5) Aluminum (US$ 8,544.57/DMT).
  • Meanwhile, the applicable HBA are comprehensively detailed under Appendix II to Decree 8/2024. Said reference prices should be utilized as a reference during calculations of applicable Coal Benchmark Prices (Harga Patokan Batubara/HPB) for April 2024. The applicable HBA for the above-mentioned coal commodities break down as follows: 1) Coal (with 6,322 Gross as Received ["GAR"]): US$ 121.13/ton; 2) Coal I (with 5,300 GAR): US$ 86.93/ton; 3) Coal II (with 4,100 GAR): US$ 57.17/ton; and 4) Coal III (with 3,400 GAR): US$ 36.32/ton.
......

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