- The Minister of Energy and Mineral Resources ("Minister") has issued Decree No. 113.K/MB.01/MEM.B/2024 on References Prices for Metal Minerals (Harga Mineral Logam Acuan - "HMA") and References Prices for Coal (Harga Batubara Acuan - "HBA") for June 2024, which has been in force since 19 June 2024.
- As detailed under Appendix 1 to the Decree, the applicable HMA should be utilized as a reference during calculations of applicable Metal Mineral Benchmark Prices (Harga Patokan Mineral Logam/HPM) for June 2024. In this regard, the HMA apply to 20 types of metal mineral commodities, including: 1) Nickel (US$ 18,962.11/DMT); 2) Cobalt (US$ 27,718.68/DMT); 3) Lead (US$ 2,181.68/DMT); 4) Zinc (US$ 2,875.42/DMT); 5) (US$ 2,539.08/DMT).
- Meanwhile, the applicable HBA are comprehensively detailed under Appendix II to the Decree and should be utilized as a reference during calculations of Coal Benchmark Prices (Harga Patokan Batubara/HPB). The new HBA include: 1) Coal (with 6,322 Gross as Received ["GAR"]): US$ 123.00/ton; 2) Coal I (with 5,300 GAR): US$ 88.65/ton; 3) Coal II (with 4,100 GAR): US$ 54.79/ton; and 4) Coal III (with 3,400 GAR): US$ 35.82/ton.
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