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Jakarta Post

Govt to regulate minimum coal selling prices

  • Alfian

    The Jakarta Post

Jakarta   /   Wed, February 25 2009   /  01:53 pm

To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing index which will set the minimum selling prices required for producers. Energy and Mineral Resources Ministry Purnomo Yusgiantoro said Tuesday that a government team was working out how to formulate the index which will be used as the coal prices benchmark. "With this index, we can see from year to year the optimal revenue for the government based on the coal volume we produce," said Purnomo, when he opened the 3rd Australian Mining Exhibition and Conference (OZMINE 2009). More than eighty Australian mining companies participated in OZMINE lasting until Wednesday. Purnomo said the government regulations on the coal pricing index will be part of the derivative regulations under the Law No. 4/2009 on coal and mining. He added the ...