Indonesia energy minister rejects proposal for coal pricing based on cost

September 28, 2017

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Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan said he disagreed with a proposal for domestic thermal coal to be priced based on a cost plus margin mechanism, amid pressure to reduce costs borne by the state power utility.

“Costs could be set as they please,” Jonan told reporters at a ministry event on Thursday, referring to the production costs of coal miners.

Category: General