Indonesia’s Ministry of Energy and Mineral Resources set its August thermal coal reference price, also known as Harga Batubara Acuan or HBA, at a seven-month high of $83.97/mt, up 44% year on year and 6.4% higher from June. The ministry had set the price for July at $78.95/mt, and for August 2016 at $58.37/mt. The HBA is a monthly average price based 25% on the Platts Kalimantan 5,900 kcal/kg GAR assessment ; 25% on the Argus-Indonesia Coal Index 1 (6,500 kcal/kg GAR); 25% on the Newcastle Export Index — formerly the Barlow-Jonker index (6,322 kcal/kg GAR) of Energy Publishing — and 25% on the globalCOAL Newcastle (6,000 kcal/kg NAR) index. Article continues below… Webinar: Thermal and Metallurgical Coal Markets Edging into a Brave New World August 23, 2017 | 1-2pm SGT │ Online Join Michael Cooper, senior editor, thermal coal, and Edwin Yeo, senior managing editor, metallurgical coal, as […]