Indonesia: Govt raises royalty rates for coal miners

Indonesian government has raised royalty rates for coal miners to a range of 5-14% depending on government-set coal benchmark prices. For 4200 kcal/kg GAR grade coal with HBA price less than $70, the rate has been fixed at 5% while for 5200 kcal/kg GAR with HBA price more than $90, the royalty rate would be 14% of the price.