Indonesia will allow coal export to resume starting Tuesday, Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan said.
The decision came after domestic supply has been fulfilled, amid protest from Japan and South Korea as the commodity is urgently needed during the winter season.
“We will gradually see starting from Wednesday,” an online media portal quoted him as saying, adding “several ships off the coast will be verified tonight and release tomorrow (Tuesday).”
The domestic market mechanism on coal production states that 25 per cent of coal production must be sold to government utility company, PT Perusahaan Listrik Negara (PT PLN).
The month-long coal export ban for January was imposed earlier this week after coal stocks fell to a low level in several power-generating plants run by PT PLN.
Source: NAM NEWS NETWORK