Steam coal price index is down by 3%

Indonesian Ministry of Energy and Mineral Resources has published the monthly Price index of steam coal (HBA) for February 2017 at $63.93/ton, FOB, which is 3.4% less than in January, however, is 64% higher than in 2016 for the same month.

HBA price index is the benchmark for the calculation of royalty payments for 75 brands of Indonesian coal, which the mining companies have to pay per metric ton for the coal sold in the domestic market or exported. The Index is calculated for the coal with the following properties: GAR 6322 kcal/kg, moisture content 8%, ash 15% and sulfur – 0.8%.