Indonesia suspends coal exports from 34 mining companies - media

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JAKARTA : Indonesia has suspended coal exports from 34 coal mining companies it said failed to meet domestic market obligations between January and July this year, CNBC Indonesia reported on Monday, citing a government document.Indonesia requires coal miners to sell 25per cent of their production to the d

JAKARTA : Indonesia has suspended coal exports from 34 coal mining companies it said failed to meet domestic market obligations between January and July this year, CNBC Indonesia reported on Monday, citing a government document.

Failure to do so results in sanctions, including export suspension and fines. Citing a government document, CNBC Indonesia said https://www.cnbcindonesia.com/news/20210809104507-4-267137/ini-daftar-lengkap-34-perusahaan-batu-bara-dilarang-ekspor 34 miners had been temporarily banned from exporting. Of the 34 companies listed in the document seen by CNBC Indonesia, four were members of the Indonesia Coal Miners Association , the trade group's executive director Hendra Sinadia said.

The group supported the government action, but sought"structural improvements" to avoid similar problems in the future, he added.

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