Indonesia revises new domestic coal price cap to mid-March — official

Indonesia revises new domestic coal price cap to mid-March — official

JAKARTA (March 13): Indonesia's mining minister has revised the effective date for a pricing cap on coal for domestic power stations to mid-March, a ministry official said on Tuesday, referring to a new ministerial decree signed on Monday.

* A copy of the latest decree was published on the ministry website on Tuesday. 

* The cap, which was set at US$70 per tonne for two years for coal with a calorific value of 6,322 kilocalories, will now apply from March 12, revised from Jan 1, 2018 previously. 

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