Energy and Mineral Resources Minister of Indonesia, Bahlil Lahadalia, confirmed on Thursday that he has signed a regulation requiring all export coal sales to adopt the government’s coal price benchmark (HBA), effective March 1. The transition from the Indonesia Coal Index (ICI) to the HBA benchmark aims to strengthen Indonesia’s bargaining position in global coal pricing mechanisms and boost state revenues from royalties, Bahlil said. HBA will also serve as the reference price for determining royalty payments from coal producers, ensuring maximum benefits for the government, coal companies, and exporters. The HBA benchmark was formulated after extensive studies and consultations with various stakeholders. It is designed to ensure that Indonesian coal is priced fairly and competitively in global markets, Bahlil explained. Another key feature of HBA is its price stabilization mechanism, with updates released twice a month to reflect market conditions and prevent sharp price fluctuations.Source: https://jakartaglobe.id/business/indonesia-confirms-mandatory-use-of-its-coal-price-benchmark-for-export-sales-starting-march-1 (ICE GIACARTA)

Fonte notizia: Jakarta Globe, 27 February 2025