Benchmark Pricing for the Sales of Metal Minerals and Coal

As an integral part of its new policy on the export of minerals, the Ministry of Energy and Mineral Resources(“Ministry”)has issued Regulation No. 7 of 2017 on Procedures for the Determination of Benchmark Prices for the Sales of Metal Minerals and Coal(“Regulation 7/2017”).Regulation 7/2017 is an implementation of Articles 85 (4) and 111 of the recently passed Government Regulation No. 1 of 2017 on the Fourth Amendment to Government Regulation No. 23 of 2010 , which required the government to set out procedures relating to the determination of benchmark sales prices for metal minerals and coal.Prior to the issuance of Regulation 7/2017, these same matters were regulated under Ministerial Regulation No. 17 of 2010 (Regulation 17/2010).Applicability of Benchmark PricesMetal-minerals and coal products can be sold by companies (collectively referred to as“Businesses”) which have already secured the following documents: