Indonesia Mining Monitor
Policy decisions, projects and official benchmark prices in Indonesia's nickel, coal, copper and critical-minerals sectors, for operators and investors.
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Benchmark prices
Latest official prints. Indonesia resets its coal and mineral reference prices on the 1st and 15th of each month.
Key dates ahead
Scheduled price resets, deadlines and company milestones.
Policy & project tracker
Where each issue stands now and what comes next. Select a card to see its full history under Latest developments.
Price trends
Twice-monthly official prints, January 2026 to date. Hover for values. Hollow points are provisional, pending confirmation.
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Coal reference price (HBA) by calorific value, USD/t.
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Government nickel reference price (HMA), USD/dmt. It is calculated from LME prices and trails them by about half a month. Latest LME nickel price.
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Government cobalt reference price (HMA), USD/dmt. Cobalt counts in the ministry's nickel ore price formula for ore with at least 0.05% cobalt, typically low-grade limonite. The ministry sets the formula (revised 15 September, Kepmen 363.K) rather than a price for each grade; APNI's HPM calculator applies it.
Latest developments
Regulation and policy first, then market and company news. Newest week first; within a week, the most relevant first. Each item links to its source.
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