Energy and Mineral Resources Ministerial Decree has stipulated the August Minerals and Coal Reference Price (HMA & HBA). The coal reference price was set at USD 72.67/metric ton, rose 1 percent compared to last month (USD 71.92/MT).
Reference prices for gold, copper, and nickel also increased. The price of gold last month was set at USD 1,312.55/ounce, this month reaching USD 1,406.29/ounce. As for copper from USD 5,852/dmt rose to USD 5,937.45/dmt. While nickel from USD 11,874.77/dmt, now was set at USD 12,832.73/dmt.
This reference price refers to the international market index: Indonesia Coal Index(ICI), the New Castle Global Coal (GC), the New Castle Export Index (NEX), and Platt59 for coal; London Metal Exchange (LME), London Bullion Market Association (LBMA), Indonesian Commodity & Derivatives Exchange (ICDX), and Asian Metal for minerals.