Mining Entrepreneurs Hope The Government Withdraws HBA Policy As Export Patokan

Coal (Photo: Antara)

Mining business actors ask the government to withdraw policies that require the use of Reference Coal Prices (HBA) as a benchmark for coal export prices in the global market.

Head of the Coal Study Division of the Indonesian Mining Expert Association (Perhapi) FH Kristiono explained, so far the HBA has only been used as a benchmark for the payment of coal royalties.

"We hope that the government will not be marketed. HBA is used for royalty payments, not for our selling price," Kristiono said in the Mining Zone quoted Thursday, March 6.

He added that HBA tid can predict future prices because it is only based on PNBP while global price index can be used for the next 2 months.

"So you should want to use the selling price, you should use index, use future prices, not history. HBA cannot be used for reference selling prices but indexes," said Kristiono.

Just so you know, according to the Minister of Energy and Mineral Resources Bahlil Lahadalia, the policy of determining HBA as the benchmark for export prices aims to keep coal prices not low in the global market. For this reason, 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.