As many as 25 coal companies in Indonesia's key producing region East Kalimantan were allowed to export the fossil material in early January, local media quoted the provincial government as saying on January 4.
Indonesia on December 31 announced a ban on exports during the full month of January to avoid outages at domestic generators. These companies gained approvals to export as they have completed their Domestic Market Obligations (DMOs), said Christianus Benny, head of the branch of the Ministry of Energy and Mineral Resources (ESDM) in the province.
The policy stipulates that coal miners must supply 25% of annual production to state utility Perusahaan Listrik Negara (PLN) at a maximum price of $70/t.
There were 418 coal companies across the country that had not yet completed their DMOs as of October last year, while only 17 firms had implemented DMO by 25-49%, 25 firms by 50-75%, 29 by 76-100% and 93 by beyond 100%, Benny said, citing a meeting on January 4 held by the ESDM and the trade ministry.
As of January 4, PLN has secured an extra coal supply contract of 7.5 million tonnes, enough to overcome the potential power crisis, leaving a bigger chance for the country to reopen coal export soon.
You can Contact us: roosjen@hotmail.com
Link: http://www.sxcoal.com/news/4643322/info/en
Indonesia on December 31 announced a ban on exports during the full month of January to avoid outages at domestic generators. These companies gained approvals to export as they have completed their Domestic Market Obligations (DMOs), said Christianus Benny, head of the branch of the Ministry of Energy and Mineral Resources (ESDM) in the province.
The policy stipulates that coal miners must supply 25% of annual production to state utility Perusahaan Listrik Negara (PLN) at a maximum price of $70/t.
There were 418 coal companies across the country that had not yet completed their DMOs as of October last year, while only 17 firms had implemented DMO by 25-49%, 25 firms by 50-75%, 29 by 76-100% and 93 by beyond 100%, Benny said, citing a meeting on January 4 held by the ESDM and the trade ministry.
As of January 4, PLN has secured an extra coal supply contract of 7.5 million tonnes, enough to overcome the potential power crisis, leaving a bigger chance for the country to reopen coal export soon.
You can Contact us: roosjen@hotmail.com
Link: http://www.sxcoal.com/news/4643322/info/en
