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JAKARTA (rambuenergy.com) – The Energy and Mineral Resources Ministry (ESDM) sets Coal Price Reference (HBA) in the spot market for the month of based on Free on Board (FoB) at US$51.62 per ton, up 1.37 percent from February, 2015 at US$50.92 per ton.
The March HBA represents a decline of 23.8 percent compared to the same month last year at US$66.76 per ton.
The Coal Reference Price is based on the average price of four coal price index, namely 25 percent of Argus-Indonesia Coal Index (6,500 kcal/kg GAR), 25 percent on Platts Kalimantan 5,900 kcal/kg gross as received assessment, 25 percent on the Newcastle Export Index (6,,322 kcal/kg GAR) and 25 percent on the globalCOAL Newcastle (6,000 kcal/kg NAR) index.
The HBA is based on 6,322 kcal/kg Gross As Received (GAR), total moisture of 8 percent, sulfur content of 0.8 percent as received (ar) and ash content of 15 percent ar.
The HBA is used to calculate the price of eight major coal brands, called HBP Marker. The HBP Marker is set to calculate the amount of royalty paid to the government on each kilo of coal. Following is the HPB Marker of the eight major coal brands:
Gunung Bayan I : 55.11 vs 54.36 in February 2016
Prima Coal : 57.13 vs 56.42 in February 2016
Pinang 6150 : 51.65 vs 51,01 in February 2016
Indominco IM_East : 42.50 vs 41.93 in February 2016
Melawan Coal : 42.74 vs 42.24 in February 2016
Enviro Coal : 41.16 vs 40.71 in February 2016
Jorong J-1 : 33.09 vs 32.73 in February 2016
Ecocoal : 30.55 vs 30.23 in February 2016
Apart from the eight major brands, the Directorate General for Mineral and Coal at the Energy and Mineral Resources Ministry (ESDM) sets the HBP Marker for 67 other coals, including Medco Bara 6500, Mandiri 1, Tanito Coal, Kideco Coal, and BIB 4000. (*)
