The Indonesian government will gradually allow the resumption of coal shipments, with 14 vessels loaded with coal permitted to leave the port on Monday, a senior minister said, amid pressure from major buyers to revoke the country’s ban on coal exports. Indonesia imposed a month-long ban on coal exports on Jan. 1, due to insufficient supply at domestic power plants, which raised concerns that it could lead to widespread blackouts. Coal miners failed to meet the domestic market obligation (DMO) to sell 25 percent of their annual production to state-owned electricity company PLN at a maximum price of $70 per ton, which is well below market prices. Coordinating Minister of Maritime and Investment Affairs, Luhut Pandjaitan, said the government will conduct a review on Wednesday in which if it decides to scrap the ban, it will do so gradually as it considers how the resumption affects compliance with the DMO policy. …
Indonesia Resumes Coal Exports Amid Pressure From Philippines, Japan, South Korea to Lift Ban
January 11, 2022
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