• Indonesia still working on coal compensation fund plan

    sxcoal.com Policy,  International 2023-11-08 11:44:08

    Indonesia is still finalizing rules for a scheme where coal miners would pay compensation for missing domestic sales obligations into a dedicated fund, an official said on November 7.

     

    The scheme is being developed as the world's biggest exporter of thermal coal aims to ensure sufficient domestic supply.

     

    Under the scheme, miners missing Domestic Market Obligation (DMO) targets pay compensation to a fund known as the MIP, which is then used to subsidize coal sales to local buyers.

     

    Lana Saria, director of Coal Business Development at the Directorate General of Mineral and Coal of the Ministry of Energy and Mineral Resources (ESDM), said the rules were still being "matured" by the Coordinating Ministry of Maritime Affairs and Investment.

     

    "It's still in process, still being fine-tuned at the coordinating ministry," Lana told reporters.

     

    An issue regarding the imposition of an 11% value-added tax on coal levy and disbursement, which had previously hindered the establishment of MIP, have now been resolved, she said.

     

    Lana hoped the rules could be completed this year as urged by mining businesses.

     

    (Writing by Alex Guo  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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