Indonesia’s Coal Miners Are Bracing for New Export Curbs
- Mining group sees potential disruption on domestic needs
- Coal prices are surging as consumers shun Russia supplies
Indonesia is the world’s biggest coal exporter by tonnage.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Coal miners in Indonesia, the top shipper, are preparing for potential new curbs on exports, a move that would add pressure to prices already at record highs.
New restrictions on overseas sales are possible in either April or August -- when mine output is typically lower -- to make sure local power plants have sufficient supply, according to Pandu Sjahrir, chairman of the Indonesian Coal Mining Association.