Indonesia halts coal exports from 34 mining companies

12 Aug 2021 CW Team

Coal exports from 34 coal mining companies have been suspended by Indonesia that failed to meet the domestic market obligations between January and July this year, as reported by an Indonesian source on Monday.

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

In case they fail to do so, it results in sanctions, including export suspension and fines. It has been reported that 34 miners had been temporarily banned from exporting.

The Ministry of Energy said that some companies had issued sanctions for violating market rules but did not name the firms or mention how many would be affected by the measures in a post published on its website on August 7.

Hendra Sinadia, the trade group's executive director, told the media that four were the members of the Indonesia Coal Miners Association (ICMA), out of the 34 companies listed in the document seen by an Indonesian source.

Hendra told Reuters that the four companies gave separate assurance of their commitment to the government to meet their obligations before the document was issued, as far as they know.

He added that the group backed the government move but sought structural improvements to avoid similar problems in the future.

Hendra told the media that they support the user in that case, PLN, to carry out overall improvements in payment administration terms to infrastructure at the jetty for the coal unloading process, suppliers, inventory stock management, and so on.

As per the Indonesian sources, PT Arutmin Indonesia, a unit of Indonesia's largest coal miner PT Bumi Resources, was banned from exporting.

Image Source

Also read: Coal imports in India grew by 20% to 19.92 mt in May

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..