JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) has set a reference coal price (HBA) in March 2025 through the Decree of the Minister of Energy and Mineral Resources Number 80.K/MB.01/MEM.B/2025 concerning Reference Metal Mineral Prices and Reference Coal Prices for the First Period of March 2025.
The latest coal price will later become a benchmark for coal export prices in the global market.
HBA in March for coal commodities 6,322 kcal per kg GAR, total motion 12.26 percent, total Sulphur 0.66 percent, and Ash 7.94 percent experienced a slight increase from the previous 124.01 US dollars per tonne to 128.24 US dollars per tonne.
Furthermore, HBA is set for coal commodity I, in equal value of 5.300 kcal/kg GAR, Total Moisture 21.32 percent, Total Sulphur 0.75 percent, and Ash 6.04 percent set at 82.66 US dollars per ton.
Meanwhile, the Reference Price for Coal commodity II is equal to a value of 4,100 kcal/kg GAR, a Total Moisture of 35.73 percent. Total Sulphur 0.23 percent and Ash 3.90 percent are set at 50.70 US dollars per ton.
As for the reference price for coal III, in the equality of the calorie value of 3,400 kcal/kg GAR, Total Moisture 44.30 percent, Total Sulphur 0.24 percent and Ash 3.88 percent at 34.16 US dollars per ton.
Previously, the Minister of Energy and Mineral Resources, Bahlil Lahadalia, said that so far entrepreneurs export coal at reference prices set by other countries. Bahlil assessed that the price set by other countries was detrimental to Indonesia.
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"So so far our coal prices, our reference coal prices are controlled or determined by other countries. Even until then our prices are much cheaper than other countries," said Bahlil.
For that, he said, Indonesia needs to have independence by determining its own reference price.
"Don't let our coal prices be determined by others, the price is low. I don't want that. So now we are making HBA so that our prices also have a good price in the global market," said Bahlil.
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