Steam coal prices index further decreased by 2%

Ministry of energy and mineral resources of Indonesia published its monthly reference price on steam coal (HBA) in December 2015. It is set at USD53.51/t, down 1.7% compared to November, and a drop of 17.2% from December 2014.

The HBA is a monthly average price base for 73 brands of Indonesian coal and used for calculations of royalties to be paid by coal mining companies per tonne sold within the country or for export. The index is based on 6,322 kcal/kg GAR coal, with 8% total moisture content, 15% ash and 0.8% sulfur.