Indonesia keeps coal domestic market obligation rules unchanged for 2020

January 7, 2020, 5:10 pm | Admin

JAKARTA, Jan 7 (Reuters) - Indonesia’s Energy and Mineral Resources Ministry has decided to keep coal domestic market obligation at 25% and the price cap at $70 per tonne in 2020, it said in a statement on Tuesday.

Ministry officials last year said the government was considering lowering the mandatory coal sales to domestic power plant operators to 20% since many miners struggled to fulfill the requirements.

“The government’s commitment to continue with this policy is based on domestic demand consideration and business sustainability,” the statement said.

https://af.reuters.com/article/commoditiesNews/idAFJ9N29C02Y

Last modified on January 8, 2020, 5:10 pm | 161