The Ministry of Transportation (MoT) has temporarily halted all cargo shipment of exported coal in Indonesia, after the Ministry of Energy and Mineral Resources’ (ESDM) announcement banning coal exports due to concerns over insufficient supply for domestic power plants. …
All harbour offices, main port authority offices, special port authority offices, and port management unit offices in Indonesia have stopped issuing sailing approval letters to coal exporters, following the announcement. The ban was enforced after coal miners failed to meet the domestic market obligation (DMO), which requires them to supply at least 25 per cent of a mine’s permitted production plan to Perusahaan Listrik Negara (PLN) at a maximum price of USD70 per metric tonne, or less than the worldwide benchmark price. Currently, Indonesia is the world’s largest coal exporter.