Indonesia removes coal pricing rules


Workers walk near a tugboat carrying coal barges at a port in Palembang, South Sumatra province, Indonesia, January 4, 2022. Antara Foto/Nova Wahyudi/ via REUTERS/File Photo

JAKARTA: Indonesia scrapped rules forcing miners to sell coal and minerals at government-determined levels after buyers pushed back against a system introduced earlier this year.

Miners will now be allowed to sell below government-set benchmarks, according to a ministerial decree signed on Aug 8. The regulation replaces one that came into effect in March and led to a revolt from coal buyers in particular.

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Indonesia , coal , mineral , fuel , energy

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