Dec 18, 2019· Sources: Indonesian Coal Mining Association (APBI) & Ministry of Energy and Mineral Resources. During the 2000s commodities boom the coal mining industry was very lucrative as coal prices were comfortably high. Hence, many Indonesian companies and wealthy families decided to acquire coal mining concessions on Sumatra or Kalimantan in the late ...
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Source: Bisnis Indonesia. The new regulation is imposed in order to relieve state-owned electricity company Perusahaan Listrik Negara (PLN)'s financial burden (PLN is the biggest domestic buyer of coal). Due to the soaring coal price in recent years the company's production costs have been soaring accordingly.
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