PT Bukit Asam Tbk (PTBA) supports the government’s implementation of the Coal Reference Price (HBA) as a benchmark for coal exports starting March 1, 2025. The policy aims to enhance Indonesia’s independence in setting coal prices and maintain competitiveness in the international market. However, there are concerns from industry players regarding the understanding and implementation of this policy, particularly regarding existing export contracts and potential challenges in securing overseas buyers.
Key Points
- PTBA endorses the HBA policy to support coal industry competitiveness.
- The Minister of Energy highlights the need for Indonesia to set its own coal prices.
- Industry players express concerns about understanding the policy and its impact on existing contracts.
- Buyers, especially in China, are uncertain about the new pricing mechanism.
- Legal and technical details of the policy need clarification to reassure potential buyers.
Image source: ANTARA FOTO/Iggoy El Fitra
Source Link: https://industri.kontan.co.id/news/hba-jadi-acuan-ekspor-begini-respons-pebisnis-batubara
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