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Wednesday, 04 January 17
INDONESIA'S COAL PRODUCTION IS ESTIMATED TO REACH 434 MILLION TONS IN 2016 EXCEEDED THE GOVERNMENT'S INITIAL TARGET
Coal ExcavatorIndonesia's coal production is estimated to reach 434 million tons in 2016 exceeded the government's initial target. The Ministry of Energy and Mineral Resources of Indonesia was forecasted to produce 419 million tons of coal in 2016, but the actual coal output was estimated to exceeded by around 15 million tons.

According to Bambang Gatot Ariyono, Director General of Mineral and Coal Mining (Mining) Ministry of Energy and Mineral Resources, as quoted by Dunia Enery an online portal, the domestic market obligation (DMO) for coal is expected to reach around 90.55 million tons in 2016, 4.55 million tons higher than the originally targeted volume of 86 million tons.

The portal further reported that, the Ministry of Energy and Mineral Resources of Indonesia is targeting to produce 413 million tons of coal in 2017. Around 30% of total production in 2017 would be allocated for domestic market under domestic market obligation. Around 292 million tons of coal is expected to be exported to overseas market in 2017.

However, according to Bambang Gatot, Director General for Coal and Minerals at Indonesia's Energy and Mineral Resources Ministry, as quoted by portal, based on the 2017 Work Plan and Budget (RKAB) submitted by coal mining companies in Indonesia, the national coal production could reach 489 million tons.

CCoW (PKP2B) holders have submitted their plan to produce around 311 million tons, followed by national IUP holders, who wants to produce 137 million tons.

Foreign investment (PMA) coal mining companies to produce 17.2 million tons of coal in 2017 and state owned IUP holders planning to produce 23.2 million tons in 2017, the portal reported.


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