INTIEAIndonesia · Metal domestic price regulationPolicyIn force

Metal domestic price regulation

Since 2015, monthly domestic benchmarks for the price of several metals in Indonesia through Minister of Energy and Mineral Resources (MEMR) Regulation concerning the Procedure for Determining the Benchmark Price for the Sale of Minerals and Coal. The regulation provides the…

Dernière modification il y a 1 an.

Vue extraite pour la lecture · Original pour les preuves de conformité

Cycle de vie

  1. En vigueur
  2. Dernière modification

Country / jurisdiction: Indonesia · Year: 2015 · Status: In force · Level: National · Type: Voluntary

Since 2015, monthly domestic benchmarks for the price of several metals in Indonesia through Minister of Energy and Mineral Resources (MEMR) Regulation concerning the Procedure for Determining the Benchmark Price for the Sale of Minerals and Coal. The regulation provides the formula for determining the benchmark price of metallic minerals, including nickel, cobalt, lead, zinc, bauxite, iron, silver, gold, tin, copper, manganese and chromium.

Key points in the regulation:

Benchmark Prices: The Director General sets monthly benchmark prices for metal minerals based on formulas referenced in various appendices.

Sales Procedures: Holders of production operation mining business licenses (IUP Operasi Produksi) and special mining business licenses (IUPK Operasi Produksi) must follow the established benchmark prices when selling metal minerals.

Reporting Requirements: License holders must report monthly sales details to the Minister through the Director General or governor within five calendar days after the end of each month.

Adjustment Costs: The benchmark prices may include adjustment costs for transportation, surveying, transshipment, processing, refining, and insurance, which are further regulated by the Director General.

MEMR Regulation 7/2017 lays the groundwork by establishing the procedures for determining benchmark prices for metallic minerals and coal. This regulation ensures that sales are conducted based on market mechanisms or international prices.

GR 96/2021 builds upon this framework by mandating that mining license holders adhere to the price guidelines set by MEMR. It covers various aspects of mining operations, including licensing, production, sales, and environmental management and emphasises the prioritisation of domestic interests.

MEMR Decree 72/2025 further implements the provisions of GR 96/2021 by providing detailed guidelines for the determination of benchmark prices, ensuring that sales are conducted at fair and regulated prices. It establishes specific formulas for calculating these prices and outlines the administrative procedures and sanctions for non-compliance.

In 2020, MEMR issued additional regulations on nickel in Ministerial Regulation 11/2020 . The rule aims to balance profits for smelters and ensure nickel mining activities remain profitable by setting the benchmark price below international prices. Updated monthly, the benchmark price is set as a floor price, with transactions allowed up to 3% below this price to account for impurities. The formula for the benchmark will be reviewed every six months.

MEMR Regulation No. 25/2018 complements Indonesia’s metal pricing policies by establishing the Domestic Market Obligation (DMO) framework.

Official source: https://jdih.esdm.go.id/storage/document/PerDirJen%20Minerba%20630.K%2032%20DJB%202015.pdf

Source

https://www.iea.org/policies/20265

Document officiel chez le régulateur. Citez toujours cette URL — et non la page de détail Vantage — dans les preuves de conformité.

Connexes dans International

INTEnergy Newsoilprice:oilprice-article-45490ActualitésIn force

Oil Industry Braces for Years-Long Iran War

Oil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher prices for longer, a theme present at this year’s edition of the Asia Pacific Petroleum Conference. Reuters’ Clyde Russell reported this week that the mood at APPEC was not particularly cheerful as hostilities in the Middle East escalate once again, suggesting achieving peace would be quite a challenge. The Reuters columnist…

il y a 9 heures
INTEnergy Newsoilprice:oilprice-article-45486ActualitésIn force

Stolen Electricity is Powering Illegal Crypto Farms Across the Globe

Electricity theft is a global problem, and it’s getting more dire all the time. While the problem is most common in developing countries, where grid infrastructure is limited and utilities and state authorities have lower oversight capacities, developed countries are not immune either. This theft can occur in many forms and at many scales, from individuals tapping into power lines to power their individual residences to large-scale and sophisticated theft schemes to power entire cryptocurrency mining farms. Just this week, Mexican authorities…

il y a 11 heures
INTEnergy Newsoilprice:oilprice-article-45475ActualitésIn force

The Race to Solve Nuclear Energy’s Biggest Problem

Nuclear power is growing in popularity once again as governments worldwide look to diversify their energy mix and reduce reliance on fossil fuels. Several countries are now looking to develop or expand their nuclear energy capacity over the coming decades. However, one challenge remains – nuclear waste. Disposing of waste materials from nuclear energy operations remains a complex task with no perfect solution. As countries worldwide have grown their nuclear power capacity, many governments are still struggling to decide on the best solution…

il y a 13 heures
INTEnergy Newsoilprice:oilprice-article-45473ActualitésIn force

Iran’s Security Crackdown Runs Into Resistance From Within

Iran's parliament is trying to turn fears of foreign infiltration into law. But as lawmakers work through the legislation, the debate is exposing an increasingly awkward question for the Islamic Republic: How far should the state go in policing Iranians' contact with the outside world? At the center of that debate is Parliament Speaker Mohammad Baqer Qalibaf, who, at least publicly, is doing a balancing act. He has defended the need for tougher measures against foreign infiltration while warning that the current draft of the legislation goes too…

il y a 15 heures
INTEnergy Newsoilprice:oilprice-article-45474ActualitésIn force

Why More Homes Are Switching From Gas to Heat Pumps

Heat pumps are becoming an increasingly popular alternative to gas-powered central heating systems and are increasingly being used in new construction, often driven by government incentives. A heat pump uses technology similar to that found in a refrigerator or an air conditioner, extracting heat from a source, such as the surrounding air, and amplifying and transferring the heat to where it is needed. As most of the heat is transferred rather than generated, heat pumps are far more efficient than conventional heating technologies such as boilers…

il y a 17 heures