KONTAN.CO.ID - JAKARTA. The government revised down the Indonesian coal reference price to US$92.41 per ton in January, 0,1% lower than the price in the previous month, which was $92.51 per ton. Energy and Mineral Resources Ministry spokesperson Agung Pribadi said the revision was in response to China's new coal import quota policy. “The policy has led to lower coal consumption in China,” he told press on Thursday. The government targets annual coal production of 485 million tons this year, 25 percent of which is for the domestic market obligation (DMO), equal to 121.25 million tons, which will mostly be used to fuel power plants.
January's coal reference prince down 0,1%
KONTAN.CO.ID - JAKARTA. The government revised down the Indonesian coal reference price to US$92.41 per ton in January, 0,1% lower than the price in the previous month, which was $92.51 per ton. Energy and Mineral Resources Ministry spokesperson Agung Pribadi said the revision was in response to China's new coal import quota policy. “The policy has led to lower coal consumption in China,” he told press on Thursday. The government targets annual coal production of 485 million tons this year, 25 percent of which is for the domestic market obligation (DMO), equal to 121.25 million tons, which will mostly be used to fuel power plants.