Indonesia sets Nov HBA thermal coal at $55.71/mt, down 16% on year

Singapore — Indonesia’s Ministry of Energy and Mineral Resources set its November thermal coal reference price — also known as Harga Batubara Acuan, or HBA — at $55.71/mt, down 15.9% year on year, but up 9.2% from October, according to a ministry official.

Indonesia’s Arutmin granted coal mine licence extension

Indonesian coal producer Arutmin has been given a 10-year extension to its mining licence by the country’s energy ministry (ESDM), ending a year-long review process after the company filed for a contract extension in October last year.