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PT Adaro Energy Indonesia Tbk (ADRO.JK)

Jakarta - Jakarta Delayed Price. Currency in IDR

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3,140.00

+60.00

(+1.95%)

As of 11:29AM WIB. Market open.

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Reuters
Indonesia coal miners seek exemptions from export ban as costs grow
Major Indonesian coal miners have sought exemptions from a coal export ban put in place at the start of the year as the costs of having scores of ships stranded offshore continue to mount. The world's biggest thermal coal exporter implemented the ban on exports to avoid domestic power outages, triggering concerns in its biggest customers such as China and Japan, just as they head into the peak electricity demand of winter. The Indonesian government had pledged to start a review of the ban starting on Wednesday but talks were postponed and energy ministry officials on Thursday said it was not clear when they might make a decision to end the ban.

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