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Indonesia weighs limit on coal export terminals: Report

Bloomberg reported that Indonesia may restrict the number of terminals allowed to export coal as it seeks to control shipments and boost revenue.

Mr Edi Prasodjo the coal director at the Energy and Mineral Resources Ministry, said in an interview at an industry meeting in Bali that “Coal can currently be exported from any loading point, which makes it difficult for us to control.”

He said that “We’re discussing restricting exports in the future to certain ports or shipping points to avoid illegal deliveries.”

Most Indonesian miners use barges to ship coal over a network of rivers before loading the fuel into bigger vessels.

There are 56 million metric tonnes of coal production annually that can’t be verified, resulting in potential losses to the state of as much as IDR 5.5 trillion (USD 493 million), according to a September 9 study by the Indonesian Coal Mining Association.

The government should oversee coal terminals and transportation facilities, Prasodjo said in a separate presentation in Bali.

Source: Bloomberg