Adaro Will Fight Against Coal Export Ban

Jakarta, CNBC Indonesia – The management of PT Adaro Energy Tbk (ADRO) said that it would respond to the government’s ban on selling stones abroad throughout January 2022. All of the company’s subsidiaries have fulfilled their obligations to meet domestic needs in accordance with applicable regulations.

Adaro Energy’s Corporate Secretary Mahardika Putranto said this was following the receipt of a letter from the Directorate General of Mineral and Coal of the Ministry of Energy and Mineral Resources (ESDM) regarding coal exports.

“The subsidiary, as the permit holder affected by the issuance of these letters, is preparing the steps deemed necessary in responding to this situation, both to the government policy in question and to existing engagements with other related parties,” the statement said, quoted on Tuesday. (4/2/2022).

“Especially considering that the Company’s subsidiaries have fulfilled their obligations related to prioritizing domestic needs in accordance with the applicable laws and regulations,” he continued.

Currently, the company and its subsidiaries continue to monitor the impacts that have arisen or have arisen from the prohibitions and obligations of these letters.

The letter was addressed to Adaro’s subsidiaries, namely PT Adaro Indonesia, Balangan Coal Companies (PT Semesta Centramas, PT Laskar Semesta Alam and PT Paramitha Cipta Sarana), PT Mustika Indah Permai, and PT Maruwai Coal.

The letter in question is a letter from the Directorate General of Mineral and Coal number: B-1605/MB.05/DJB.B/2021 dated December 31, 2021 regarding the Fulfillment of Coal Needs for General Electricity; number: B-1611/MB.05/DJB.B/2021 dated December 31, 2021 regarding the Prohibition of Overseas Coal Sales; and number: UM.006/26/1/DA-2021 dated December 31, 2021 regarding the Temporary Ban on Coal Exports.

From the three letters, companies are prohibited from selling coal abroad from January 1 to 31, 2022, must supply all of their coal production to meet electricity needs for the public interest in accordance with the obligation to fulfill domestic needs and/or assignments from the government to companies and /or contracts with PT PLN (Persero) and IPP.

Then, if there is coal at the loading port and/or it has been loaded on the ship, it is necessary to immediately send the coal to the PLTU owned by PLN.

There is also information in Letter B-1605 that the ban on coal sales abroad will be evaluated and reviewed based on the realization of coal supply for PLTU and IPP.

[Gambas:Video CNBC]

(mon / dhf)

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