trending Market Intelligence /marketintelligence/en/news-insights/trending/9G3NoUKFSLz8iO8V_cC0Fg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Indonesia seeks lower FY'20 coal output to prevent price slide

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Indonesia seeks lower FY'20 coal output to prevent price slide

To prevent a plunge in prices, the government of Indonesia set a cap on miners' coal production in 2020, Bloomberg News reported Jan. 9, citing Energy and Mineral Resources Minister Arifin Tasrif.

According to Tasrif, the government has set the production target at 550 million tonnes for this year, down by 9.8% from 610 million tonnes in 2019.

Tasrif said the government "doesn't want coal production to be too massive and drive prices lower and cause government revenue to drop."

Tasrif clarified that the government will implement the domestic market obligation, which requires miners to sell 25% of their output locally at a fixed price.

The report noted that coal prices in Indonesia plummeted 28% in 2019, tumbling for a third year, and thus affected the government's revenue and contributed to a widening trade deficit in the country which considers coal its top export earner.