TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Another commodity boom: Blessing or curse in disguise?

A heavy reliance on coal exports also leads to unsustainable exports and a more volatile exchange rate.

Arisyi Raz (The Jakarta Post)
Premium
Jakarta
Mon, July 2, 2018 Published on Jul. 2, 2018 Published on 2018-07-02T09:24:08+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Another commodity boom: Blessing or curse in disguise? Last year was a good one for coal miners in Indonesia and the party is expected to continue in 2018. (JP/Arya Dipa)

L

ast year was a good one for coal miners in Indonesia and the party is expected to continue in 2018. Indonesia’s coal reference price (Harga Batubara Acuan, based on 6,322 kcal/kg gross as received [GAR] coal) reached US$101.86 per metric ton in March 2018, the highest since 2012. 

As of June 2018, the reference price stood at $96.61 per metric ton, with growth rates of 8 percent month-on-month and 28 percent year-on-year.

Given the bullish price, many coal miners have begun investing again, purchasing land, exploring new areas and buying heavy machinery to increase production. Even smaller companies that had been dormant for some time have resumed and expanded operations.

Domestic production is forecast to increase to 485 million metric tons in 2018, up by 5 percent from 461 million metric tons in 2017. About four-fifths of the production, however, is exported to markets abroad such as China and India.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Another commodity boom: Blessing or curse in disguise?

Rp 35,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 35,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.