The Indonesian Coal Index ICI is the weekly price benchmark of Indonesian coal in both domestic and international markets It is published weekly by Argus Media and Coalindo Energy and is based on assessments of five different grades of coal
·Indonesia s monthly trade surplus is expected to plummet 80% to $190 million in January after the world s top coal exporter clamped down on shipments last month and as imports gained momentum a
Indonesia could also be on track for a new output record this year with ESDM expecting 2024 output to surpass 800mn t up from 775mn t in 2023 if the current output trend continues for the rest of this year Indonesia and the Philippines are the two most coal reliant countries in southeast Asia according to energy think tank Ember
The Indonesia Coal Production Market is segmented by application including electricity iron and steel industry and other applications The market size and forecasts for the Indonesia coal market are provided in revenue for all the above segments The market outlook is promising with industry analysis indicating robust growth trends
Indonesian Coal Producer Origin South Kalimantan Indonesia Calorie GAR 6 500 6 300 with ASTM Standard Capacity MT / 10% Schedule Supply /Laycan August September 2024 Loading Rate Jetty MT/Hours Loading Port Any Port at Kalimantan
·Coal is transported by barge on the Mahakam River in East Kalimantan Indonesia Credit Depositphotos In January Indonesia announced a month long ban on the export of thermal coal The reason
·As a coal rich nation Indonesia s economy is closely tied to coal particularly for export markets and domestic terms of exports the country has seen a steady increase in coal exports rising from 356 million tonnes in 2018 to 518 million tonnes in 2023 with export values ranging from $14 billion USD to $46 billion USD
5 ·Coal Production Since the early 1990 s Indonesian coal mining in Indonesia has grown dramatically The World Coal Institute estimates that in 2008 Indonesia mined 246 million tonnes of coal with just over 200 millions tonnes of this exported 2008 coal exports comprised 173 million tonnes of steam coal and 30 million tonnes of coking coal In 2009 Indonesia was the world s
·Indonesia s coal exports to India S Korea Japan Philippines Taiwan and Thailand rise in 2022 vs 2021 Meanwhile Indonesia s domestic coal consumption is estimated at 177 million tonnes in
3 ·Top thermal coal exporter Indonesia is planning to retire its coal fired power plants gradually in a phased move towards becoming carbon neutral an official from the country s state utility
4 ·Indonesia s Coal Industry Mining Business License IUP is a requirement for extractive activities for a specific mineral in a certain area with the possibility of obtaining priority if other minerals are found requiring a new license application Special Mining Business License IUPK is a permit for extraction in specific mining areas granted by the Ministry of Energy and
Founded on 20th September 1989 as to response to the challenges of coal mining industry in Indonesia The APBI ICMA is a non government nonprofit and non political organization that embraces both upstream exploration and exploitation and downstream marketing the distribution utilization and mining services aspects of coal industry in Indonesia
·Coal power generation is Indonesia s second biggest emissions source after deforestation contributing 35% of its 1 262 gigatonnes of CO2 equivalent a year government data showed
Indonesia s benchmark prices including HBA and HPB HBA a monthly reference price for Indonesian coal The new HBA calculation started from April 2023 is based on the average traded price of coal over the previous two months with 70% weight given to the previous month s prices and 30% to those of two months earlier
·↑ Operations PT Kaltim Prima Coal Accessed Nov 2021; ↑ "Kaltim Prima Coal " KPC Coal from Indonesia website accessed July 2015; ↑ "Strategic business analysis on investment method for coal transshiment " The Indonesian Journal of Business Administration Vol 2 No 10 2013 1188 1202; ↑ "Indonesia Coal Finds Its Way to the EU and
Indonesia s benchmark prices including HBA and HPB HBA a monthly reference price for Indonesian coal The new HBA calculation started from April 2023 is based on the average traded price of coal over the previous two months with 70% weight given to the previous month s prices and 30% to those of two months earlier
The ICI is the weekly price reference of Indonesian coal in markets domestically as well as internationally The five types of ICI assessments are as follows $ ICI 1 GAR 6500 NAR 6200 Sulfur Up to 1% Ash Up to 12% TM Up to 12% $ ICI 2 GAR 5800 NAR 5500 Sulfur Up to % Ash Up to 10% TM Up to 18% $ ICI 3
·Coal barges are pictured as they queue to be pulled along Mahakam river in Samarinda East Kalimantan province Indonesia August 31 2019 Picture taken August 31 2019
The ICI is used as the leading coal price reference by buyers and sellers of Indonesian coal for spot trade tax calculations financial and investment analysis strategic reporting and production planning The ICI is also used in the computation of the Indonesian domestic coal price and serves as a planning tool for producing companies
5 ·The Indonesian government plans to slash the share of coal fired power generation in the country s energy mix to just 33% while increasing the contribution of renewables to 42% by the end of 2040
Sources Indonesian Coal Mining Association APBI & Ministry of Energy and Mineral Resources During the 2000s commodities boom the coal mining industry was very lucrative as coal prices were comfortably high Hence many Indonesian companies and wealthy families decided to acquire coal mining concessions on Sumatra or Kalimantan in the late
·↑ Operations PT Kaltim Prima Coal Accessed Nov 2021; ↑ "Kaltim Prima Coal " KPC Coal from Indonesia website accessed July 2015; ↑ "Strategic business analysis on investment method for coal transshiment " The Indonesian Journal of Business Administration Vol 2 No 10 2013 1188 1202; ↑ "Indonesia Coal Finds Its Way to the EU and
·Indonesia has banned coal exports in January due to concerns that low supplies at domestic power plants could lead to widespread blackouts a senior official at the energy ministry said on Saturday
·PT Allied Indo Coal Jaya AICJ is an Indonesian incorporated company that engages in coal mining and sales for both domestic and international customers from various industrial sectors Business PT Allied Indo Coal Jaya AICJ produces high quality coal and has the following specifications 7200 kcal/kg Parameter
