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Coal exporters to be required to have licenses
Indonesia, the worldâs biggest exporter of power-station coal, will require companies to apply for licenses as registered exporters, according to a regulation signed by Trade Minister Muhammad Lutfi on July 15, Bloomberg reported
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ndonesia, the world's biggest exporter of power-station coal, will require companies to apply for licenses as registered exporters, according to a regulation signed by Trade Minister Muhammad Lutfi on July 15, Bloomberg reported.
Producers can ship coal overseas after obtaining licenses that will be valid for three years, according to the regulation. Companies must receive a recommendation from the Energy and Mineral Ministry before applying. The rule will be effective Sept. 1.
'The regulation aims at preventing excessive exploitation of coal, meeting domestic demand and securing royalty payments,' Director General of Foreign Trade Partogi Pangaribuan said in a statement on Thursday.
Coal cargoes will need to be verified by government-appointed surveyors before they are loaded onto vessels, according to the regulation. Exports will also be limited for anthracite, bituminous coal, briquettes, lignite, peat, coke and semi-coke. The rule did not quantify the limits.
The requirements apply to coal companies holding work contracts or trading licenses for mining, known as Ijin Usaha Pertambang. Exporter licenses will be revoked if companies are found to have falsified documents, failed to report shipments three times or exported grades or quantities other than stated, according to the rule.
Indonesia's coal exports climbed to 431 million metric tons in 2013 from 220 million tons in 2009, Trade Ministry data show.
