JAKARTA - The government through the Ministry of Energy and Mineral Resources (ESDM) has set the Reference Coal Price (HBA) for May as stated in the Decree of the Minister of Energy and Mineral Resources Number 84.K/MB.01/MEM.B/2023 concerning Reference Metal Mineral Prices and Reference Coal Prices for May 2023.
In the regulation, HBA in equity has a value of 6,322 kcal/kg GAR, a Total Moisture of 12.58 percent, a total of 0.71 percent sulphur, and a Ash of 7.58 percent is set at 206.16 US dollars per ton.
"This price is used as a reference HBA during May in determining royalty rates and at the calculation of the >6000 calorie Coal Patokan Price (HPB)," said Head of the Communications, Public Information Service, and Cooperation (KLIK) Bureau of Energy and Mineral Resources Agung Pribadi quoted Tuesday, May 16.
This high-calorie HBA, continued Agung, is intended for the provision of electricity for the public interest, meeting the needs of domestic industrial raw materials or fuels other than the processing and/or refining of metal minerals, referring to these coal specifications.
Furthermore, HBA in equity has a value of 5,200 kcal/kg GAR, a Total Moisture of 23.12 percent, a Total of Sulphur 0.69 percent, and Ash 6 percent. The determination categorized as HBA I is used as a reference HBA in the calculation of HPB calories > 5,200-6.000.
"HBA I is set at the level of 119.64 US dollars per ton," said Agung.
Finally, HBA in equity has a value of 4,200 kcal/kg GAR, a Total Moisture of 35.29 percent, a Total Sulphur of 0.2 percent and a Ash of 4.21 percent is obtained at 82.23 US dollars per ton.
"HBA II is used as a reference HBA in the calculation of HPB calories <=5,200," he said.
Previously, Agung revealed, the formula for determining HBA was in principle aimed at obtaining reference coal prices that could be accepted by the market by taking into account state revenues.
"This consideration is the basis for issuing regulations related to prices based on market mechanisms," Agung explained some time ago.
Agung added that HBA was formed from the average realization of coal selling prices two months earlier, with a proportion of 70 percent of the price realization one month earlier. In addition, the formation of HBA was taken from 30 percent of the price realization two months earlier based on data on the realization of coal sales submitted by the Mining Business Entity at the time of fulfilling the obligation to pay coal royalties.
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