The Ministry Of Energy And Mineral Resources Has Determined The Price Of The Latest Coal And Mineral References, Here Are The Details

Illustration - Coal for steam power generation fuel. (ANTARA/HO-PTBA)

JAKARTA - The Indonesian government through the Ministry of Energy and Mineral Resources (ESDM) has set the Reference Coal Price (HBA) as stated in the Decree of the Minister of Energy and Mineral Resources Number 112.K/MB.01/MEM.B/2024 concerning Reference Metal Mineral Prices and Reference Coal Prices set on Tuesday, May 21.

"The HBA for May is used as the basis for calculating the Coal Patokan Price (HPB)," said Head of the Communications, Public Information and Cooperation Service (KLIK) Bureau of the Ministry of Energy and Mineral Resources Agus Cahyono Adi in his official statement, Thursday, May 23.

Agus assessed that in the new regulation, the four categories of coal commodity prices at the highest price are 114 US dollars per ton.

He explained that the price of coal commodities in the equal value of 6,322 kcal/kg GAR, with a Moisture of 12.26 percent, a total of 0.66 percent sulphur and Ash 7.94 was set at a price of 114.06 US dollars per ton.

As for the reference price of coal commodity II in the equality of a value of 4,100 kcal/kg GAR, a total motion of 35.73 percent, a total of 0.23 percent sulphur and an Ash of 3.90 percent, it is set at 56.52 US dollars per ton.

Finally, said Agus, his party also set a reference price for the coal category III, in equal value of 3,400 kcal/kg GAR, a total of 44.30 percent moisture, a total of 0.24 percent sulphur and an Ash of 3.88 percent, at 36.39 US dollars per ton.

"In addition to the HBA determination, the Ministerial Decree also stipulates the Reference Metal Mineral Price (HMA) for April 2024. In the attachment to the regulation, HMA for nickel commodities is set at 17,472.38 US dollars per dmt. Furthermore, cobalt is set at 28,215.95 US dollars per dmt," he said.

The HMA for other metal mineral commodities is as follows:

- Timbal: 2,071.55 US dollars per dmt;

- Seng: 2,596.40 US dollars per dmt;

- Alumunium: 2,390.31 US dollars per dmt;

- Copper: 9,134.12 US dollars per dmt;

- Gold as a follow-up mineral: 2,286.78 US dollars per troy ounce;

- Silver as a follow-up mineral: 26.76 US dollars per troy ounce;

- Silver as a follow-up mineral: 26.76 US dollars per troy ounce;

- Ingot tin Pb 300: settlement price ICDX and JFX on sales day;

- Ingot tin Pb 200: settlement price ICDX and JFX on sales day;

- Ingot tin Pb 100: settlement price ICDX and JFX on sales day;

- Ingot tin Pb 050: settlement price ICDX and JFX on sales day

- Ingot tin 4NINE: settlement price ICDX and JFX on sales day;

- Gold metal: LBMA Gold PM Fix on sales day;

- Metal silver: LBMA Silver Fix on sales day;

-Mandan: 3.53 US dollars per dmt;

-State/hematite/magnet iron seeds: 1.55 US dollars per dmt;

-Bijih chrom: 6.37 US dollars per dmt;

-Konsentrat ilemin: 7.56 dolar AS per dmt;

-Konsentrat titanium: 12.13 dollars per dmt.