Indonesia Considers Relaxing Mining Quotas for Coal and Nickel Amid High Prices
Indonesia's Energy Minister Bahlil Lahadalia stated that the country may relax production restrictions on coal and nickel if prices remain high. The proposed coal output is 600 million metric tons, reduced from 790 million tons last year, while the nickel quota is set at 260-270 million tons, below the 340-350 million tons demand. Mining companies must submit annual production plans for government approval, allowing adjustments based on market conditions.
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Indonesia's Energy Minister Bahlil Lahadalia indicated that the country may relax mining production quotas for coal and nickel if prices remain high. The current coal output target is 600 million metric tons, reduced from 790 million tons last year, while the nickel production quota is set at 260-270 million tons, below the estimated demand of 340-350 million tons. Mining companies are required to submit annual production plans for government approval, allowing for adjustments based on market conditions and price movements.
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