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Commodities

Indonesia revokes 2,000 mining permits amid coal export ban

Move driven by critically low domestic supply and looming power outages

Excavators pile coal in a storage area at an Indonesian power plant in Suralaya, Banten Province.   © Reuters

JAKARTA -- Indonesia has not budged on its January ban of coal exports as concerns linger over local power outages, with the government on Thursday revoking more than 2,000 mining licenses, believed to be mostly of coal miners that had failed to provide for domestic customers.

The energy ministry on Jan. 1 caught coal exporters off-guard by imposing the one-month export ban, effective to the end of January. The move came in response to state utility Perusahaan Listrik Negara's pleas over critically low coal stockpiles that would hit power grids serving the islands of Java and Bali and an estimated 10 million customers.

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