As a major global coal exporter, the Ministry of Energy and Mineral Resources (ESDM) has decided to cut next year's production to prevent a decline in international coal prices. The Director General of Mineral and Coal explained at the parliamentary building that, based on preliminary estimates, next year's coal output is expected to be no more than 700 million tons. The government will use "production caps" to address price "breakdowns".
Last year, Indonesia's coal output peaked at 836 million tons, while this year's output has shown a downward trend, expected to fall short of 800 million tons, at around 750 million tons. In 2024, Indonesia exported 555 million tons of coal, accounting for approximately 33%–35% of global consumption.
He stated that actual output this year is estimated to be around 750 million tons, so the reduction next year will be relatively significant, with the aim of stabilizing international coal prices.
As a major global coal exporter, the Ministry of Energy and Mineral Resources (ESDM) has decided to cut next year's production to prevent a decline in international coal prices. The Director General of Mineral and Coal explained at the parliamentary building that, based on preliminary estimates, next year's coal output is expected to be no more than 700 million tons. The government will use "production caps" to address price "breakdowns".
Last year, Indonesia's coal output peaked at 836 million tons, while this year's output has shown a downward trend, expected to fall short of 800 million tons, at around 750 million tons. In 2024, Indonesia exported 555 million tons of coal, accounting for approximately 33%–35% of global consumption.
He stated that actual output this year is estimated to be around 750 million tons, so the reduction next year will be relatively significant, with the aim of stabilizing international coal prices.