• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

Indonesia suspends coal exports from 34 mining companies

4 years ago
in Energy, highlights, Home, home-news, latest News, Trade
1 min read
0 0
0
103
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Indonesia suspends coal exports from 34 mining companies

Indonesia has suspended coal exports from 34 coal mining companies it said failed to meet domestic market obligations between January and July this year, CNBC Indonesia reported on Monday, citing a government document.

Indonesia requires coal miners to sell 25% of their production to the domestic market, mainly to state power utility PT Perusahaan Listrik Negara (PLN).

Failure to do so results in sanctions, including export suspension and fines. Citing a government document, CNBC Indonesia said 34 miners had been temporarily banned from exporting.

In an Aug. 7 post on its website, the energy ministry said that sanctions had been issued on some companies for violating market rules, but did not name the firms or say how many would be affected by the measures.

Must Read: African Governments have developed a taste for Eurobonds and why that’s dangerous

Of the 34 companies listed in the document seen by CNBC Indonesia, four were members of the Indonesia Coal Miners Association (ICMA), the trade group’s executive director Hendra Sinadia said.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

“To our knowledge, the four companies gave separate assurance of their commitment to the government to meet their obligations before the document was issued,” Hendra told Reuters.

The group supported the government action, but sought “structural improvements” to avoid similar problems in the future, he added.

“We support the user, in this case, PLN, to carry out overall improvements, in terms of payment administration to suppliers, infrastructure at the jetty for the coal unloading process, inventory stock management, and so on,” Hendra said.

Among the companies banned from exporting was PT Arutmin Indonesia, a unit of Indonesia’s largest coal miner PT Bumi Resources, according to CNBC Indonesia.

“We are looking into resolving this expeditiously to continue exports,” Bumi director Dileep Srivastava told Reuters.

Source: oilprice
Via: norvanreports
Tags: failed to meet domestic market obligationsIndonesia Coal Miners Association (ICMA)Indonesia requires coal miners to sell 25% of their production to the domestic marketIndonesia suspends coal exports from 34 mining companies
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.