Indonesia is reviewing rules that require coal miners to sell a portion of their...
JAKARTA - Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as suppliers struggle to meet the regulation.
Coal miners are currently required to sell 25% of their output to the local market, mainly state-owned electric company PT Perusahaan Listrik Negara , a policy known as the domestic market obligation . However, since PLN’s demand is limited while output is climbing, the miners are unable to maintain the ratio of exports to domestic sales.
Sjahrir also said he hopes the government will remove the price cap for coal sold to PLN, currently set at $70 per ton. Ariyono also said the government will also draft new regulations to support its agenda of building a downstream industry for coal.
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