The temporary ban will start from August 7, 2021 until these enterprises fulfill their obligations to supply coal to the domestic market.
Indonesia’s Ministry of Natural Resources and Minerals has just announced a list of 34 coal mining and trading enterprises of this country temporarily banned from exporting for violating regulations on domestic coal sales ratio obligations when they fail to fulfill their obligations to supply coal under contract for PT PLN (Persoro) and PT PLN Batubara state-owned company in the period from 01/01 to 31/07/2021.
The temporary ban will start from August 7, 2021 until these enterprises fulfill their obligations to supply coal to the domestic market. The list of 34 banned coal mining and trading enterprises includes:
- PT Arutmin Indonesia
- PT Mitra Maju Sukses
- PT Ascon Indonesia International
- PT Nukkuwatu Lintas Nusantara
- PT Bara Tabang
- PT Oktasan Baruna Persada
- PT Batara Batari Sinergy Nusantara
- PT Prima Multi Mineral
- PT Belgi Energy
- PT Prolindo Cipta Nusantara
- PT Berkat Raya Optima
- PT Samantaka Batubara
- PT Borneo Indobara
- PT Sarolangun Prima Coal
- PT Buana Eltra
- PT Sinar Borneo Sejahtera
- PT Buana Rizki Armia
- PT Sumber Energi Sukses Makmur
- PT Dizamatra Powerindo
- PT Surya Mega Adiperkasa
- PT Global Energi Lestari
- PT Tanjung Raya Sentosa
- PT Golden Great Borneo
- PT Tepian Kenalu Putra Mandiri
- PT Grand Apple Indonesia
- PT Tiga Daya Energi
- PT Hanson Energy
- PT Titan Infra Energy
- PT Inkatama Resources
- PT Tritunggal Bara Sejati
- PT Kasih Industri Indonesia
- PT Usaha Maju Makmur
- PT Mandiri Unggul Sejati
- PT Virema Inpex
According to statistics of Vietnam Customs, in the first 7 months of 2021, Vietnam’s coal imports from Indonesia reached 9.66 million tons with a turnover of 732.84 million USD, down 9.3% in volume. and 42.6% increase in value. The value of coal import turnover from Indonesia in the first 7 months of 2021 increased sharply due to the high international coal price due to the strong increase in coal demand from China and some North Asian countries, leading to an increase in the price of Indonesian coal exports. corresponding increase.
The reference price of coal (HBA) in July 2021 announced by the Indonesian government, as a basis for this country’s coal production and trading enterprises to bid, increased to 115.99 USD/ton, up 121.15 % over the same period last year and 14.97% compared to June 2021. If calculated from January 2021 to July 2021, the country’s reference coal price has increased by 52.9%.