The energy mineral and resources (EMR) ministry set the reference price of coal US$67.08 per metric ton for March - Photo: Special

JAKARTA (TheInsiderStories) – Indonesia will produce 485 million metric tons (MT) of coal in 2018 or up 5 per cent from last year, the Ministry of Energy and Mineral Resources (MEMR) reported on Thursday (11/1). Last year, Indonesian miners produced 461MT of coal, lower than the 477 MT projected in the ministry’s initial estimation. Domestic coal consumption only reached 97MT of coal in 2017 from a projection of 121MT of coal. The weak domestic consumption of coal, according to Bambang Gatot Ariyono, the ministry’s director general of minerals and coal due to the failure of steam power plants to meet their operational targets last year. He also reported currently around 2,500 mining permit holders who have just completed feasibility studies or construction of their facilities and are ready to start production. The country plans to generate 33 percent of its total energy supply from coal by 2025, up from 30 per cent today. Under the government’s national medium term plan, coal production is expected to reach 400MT of coal in 2019, 60 per cent of which will be consumed domestically. (LS)