Coal production target by the government of Indonesia for 2020 to 2024 (in million metric tons)* Production in million metric tons Exclusive Premium statistic Jakarta had begun to take a more lenient approach to production ceilings, as coal mining royalties have become an important component of the central government's budget. September 10, 2020

The 2020 minerals and coal mining program and budget (RKAB) has set a current production goal of 550 million tons of coal, a 10 percent increase from last year’s target. At present prices are indeed likely to decline due to weak demand. Coal decreased 11.43 USD/MT or 16.40% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Indonesia exported 456.36mn t of all types of coal last year. Coal Price | The Indonesian government indicated last year that it could allow many large-scale coal producers to increase output to help the country meet its state revenue target. JAKARTA (TheInsiderStories) – Indonesia’s coal miners association, locally known as APBI, expects the government to increase the coal production quota to 600 million tons (MT) in 2020, up from 489.73MT targeted this year. https://www.argusmedia.com/en/news/2092454-indonesian-coal-producers-consider-output-cuts, Penggugat UU Minerba; Pemerintah, DPR-DPD Bagai Paduan Suara, Turut Prihatin! Business News | Saham Batu Bara Berguguran, ADRO hingga ITMG, 11 Pekerja Tewas Tertimbun di Tambang Batubara Ilegal, Tidak Jauh dari PLTU Sumsel 8, Australian coal may eat into S African export recovery, Australian exporters should brace for more pressure from China. Chartering, Maritime World Whitehaven Coal September 2020 Quarterly Production Report, 11 Miners Killed in Coal Mine Accident in South Sumatra, Mechel Extends Coal Supply Contract with South Korean STX Corporation, JSW Group’s Operating Activity in Q3 2020, BHP Operational Update on Coal Production in Jul-Sep Quarter, Yancoal Quarterly Report for ul-Sep Quarter, India Changes Coal Block Auction Schedule, South32 Expands Metallurgical Coal Output in Jul-Sep Quarter, VGK Starts Equipping Machines with Antison System, CIL MCL Tests Robots to Control Fire Dust in Coal Mines, American Resources Expands Workforce of Perry County Resources to Restart Complex, Indian Coal Imports in H1 of 2020-21 Shrink by 25% YoY, CIMIC’s Thiess Secures Caval Ridge Extension from BHP Mitsubishi Alliance, CIL Reports 65% Surge in E Auction in Apr-Sept 2020, Ukrainian Coal Imports in Jan-Sept 2020 Reduce by 15% YoY, Chinese Coal Buyers Seek Deferrals from BHP, Anglo American to Cut Grosvenor Coal Mine Workforce, Edenville Energy Update on Rukwa Coal Project in Tanzania, China Bans on Australian Thermal & Coking Coal Imports Informally. We are active across digital and events. On the other hand, he continued, at this time the supply began to decrease due to several small and medium scale mines began to collapse, so that the potential to hoist coal prices. At the end of 2018, production reached 557.77MT as well as a record of domestic production, he noted. Copyrights © 2020 Asosiasi Pertambangan Batubara Indonesia (APBI-ICMA). Indonesia to experience fall in coal production in the second half of 2020 September 10, 2020 Chartering , Maritime World Leave a comment 79 Views Indonesia coal miners are expected to experience a drop in production in an attempt to increase export prices and to ensure margins are kept for the rest of the year. Indonesian state-owned coal miner PT Bukit Asam is targeting around 30 million metric tons (mt) of coal production for 2020, according to Reuters. This was 6.4pc higher than in 2018 and was a likely all-time high, with the increase driven by firm demand from China and India, as well as growing demand from southeast Asia. Click "Search" for more results. The ministry has issued a circular outlining several steps that coal producers can take to offset the effects of the outbreak on company operations, which include business risk assessments and stricter monitoring of company workers. Reduced economic activity because of the pandemic could result in a global oversupply of coal of around 30mn t this year, with Indonesian exports possibly falling by around 15mn t compared with 2019 as a result of weaker demand, according to a senior market analyst. We provide a global reference for industry intelligence, news, information and data. Given recent steep falls in crude and gas prices the Indonesian government is unlikely to want to lose additional royalties from the coal sector, if producers cut their output significantly. A number of Indonesian coal mining firms are considering cutting production amid expectations that Asia-Pacific demand will be heavily affected by the coronavirus pandemic. Coal Price | Written by Lexy Nantu, Email: lexy@theinsiderstories.com. Coal Production | We are the bridge that connects investors, the business community and policymakers. The lockdown has caused disruptions and declarations of force majeure by a number of Indian ports, including Gangavaram, one of the country's largest for imported coal. [ClickPress, Thu Mar 13 2014] Indonesia is a leading global producer and exporter of steam coal, with production estimated at 421 million tons (Mt) in 2013 and projected to reach 503.8Mt in 2020, growing at a compound annual growth rate (CAGR) of 2.5%. Business News | Coal News | But this could potentially add to a potential supply glut further ahead, if demand falls sharply in the coming months. Click "Search" for more results. Producer Bayan Resources said earlier this week that it is halting production at two of its mining subsidiaries until 30 April as a precautionary measure, although it has enough inventories to continue supplying its customers for up to three months.

Online News | Thermal Coal | Indonesia’s PT Bukit Asam Plans to Increase Coal Production in 2020. Historically, Coal reached an all time high of 139.05 in January of 2011. “I think this year’s target will be achieved. Here are some suggestions that matches your entry. Indonesia’s Energy and Mineral Resources Minister Mr Arifin Tasrif announced that Indonesia has ordered coal miners to slash output after record production and … Mining companies may also be unwilling to rescind or seek to reduce their annual production quotas amid the possibility that they might not receive the same quota next year. "Despite supply disruptions due to reduced shipments out of South Africa and Colombia, we are going to see demand destruction and we are now forecasting a global oversupply of around 30mn t this year. Coal Export |, Posted By : Rabi Wangkhem on Fri, 17 Jan 2020.

That’s a 1.5-million-mt increase over the company’s 2019 production. “Supplies will decrease and prices will rise again, which is normal as a cycle. Market participants estimated as many as 40 shipments, or around 3mn t of coal for arrival from April-June, may be affected. Coal Export |, Posted By : Rabi Wangkhem on Fri, 17 Jan 2020. Despite the weaker demand outlook, Indonesian mining companies may not look to cut output immediately, especially given the recent slump in crude prices that has reduced their coal production costs significantly. Last year, coal production reached 610 million tons, exceeding the government target by 124.7 percent. Coal Indonesia | He said, “We will let the rest, the 10% float on the spot market.” The company also said it had scrapped a plan to build a coal gasification project in Riau on Sumatra and focus on plants it is building near its mine in Tanjung Enim in South Sumatra, for efficiency reasons. The ministry said that while there has been a reduction in coal demand over the past two months, coal production has been unaffected as most coal mining companies sell their coal under offtake contracts. Indonesia Plans to Reduce Coal Production in 2020 by 10%, Source : Strategic Research Institute, SteelGuru, Tags: Indonesia faces a slowdown in GDP growth to 2.8pc under the World Bank's baseline scenario and a contraction of 3.5pc in the lower case scenario compared with growth of 5pc last year. The price rose slightly compared with a month earlier because there was some increase in demand for winter, the energy ministry document showed. Until the end of the year, coal production is expected to be above 500MT. It said October’s price was the lowest since September 2016. “The GCG implementation was highly supported by the performance of our employees and a good company management system and hence made us win this award,” said Arviyan Arifin, president, PT Bukit Asam Tbk. PT Bukit Asam Tbk received Indonesia’s Most Trusted Companies Award in Good Corporate Governance Awards 2019 organized by SWA Magazine. Indonesia Plans to Reduce Coal Production in 2020 by 10%, Source : Strategic Research Institute, SteelGuru, Tags: “I think this year’s target will be achieved. JAKARTA (TheInsiderStories) – Indonesia’s coal miners association, locally known as APBI, expects the government to increase the coal production quota to 600 million tons (MT) in 2020, up from 489.73MT targeted this year. Whitehaven Coal September 2020 Quarterly Production Report, 11 Miners Killed in Coal Mine Accident in South Sumatra, Mechel Extends Coal Supply Contract with South Korean STX Corporation, JSW Group’s Operating Activity in Q3 2020, BHP Operational Update on Coal Production in Jul-Sep Quarter, Yancoal Quarterly Report for ul-Sep Quarter, India Changes Coal Block Auction Schedule, South32 Expands Metallurgical Coal Output in Jul-Sep Quarter, VGK Starts Equipping Machines with Antison System, CIL MCL Tests Robots to Control Fire Dust in Coal Mines, American Resources Expands Workforce of Perry County Resources to Restart Complex, Indian Coal Imports in H1 of 2020-21 Shrink by 25% YoY, CIMIC’s Thiess Secures Caval Ridge Extension from BHP Mitsubishi Alliance, CIL Reports 65% Surge in E Auction in Apr-Sept 2020, Ukrainian Coal Imports in Jan-Sept 2020 Reduce by 15% YoY, Chinese Coal Buyers Seek Deferrals from BHP, Anglo American to Cut Grosvenor Coal Mine Workforce, Edenville Energy Update on Rukwa Coal Project in Tanzania, China Bans on Australian Thermal & Coking Coal Imports Informally. That’s a 1.5-million-mt increase over the company’s 2019 production. Indonesia's energy ministry said this week that coal production remains on track to reach its 550mn t target for 2020, with output during January-March at 137.31mn t, or around 25pc of the target. Even last year, the realization of new coal production was above the target set of 489MT. Thermal Coal | It will take a period of weak prices and reduced output for the market to rebalance," Echeverri said.

He told ‘The government has set the production target at 550 million tonnes in 2020, 9.8% below the 610 million tonnes in 2019. India, the second-largest buyer of Indonesian coal after China, last week imposed a nationwide lockdown that is aimed at containing the coronavirus outbreak in the country. Sinadia said that although the current coal price tends to decline, he believes from the fourth quarter to the beginning of next year it will skyrocket driven by the peaceful sentiments of the United States (US) – China trade war. He added the realization of coal production always exceeded the target set by the government. Thermal coal accounted for 428.83mn t of last year's exports, up by 35.2mn t from 2018.