Indonesia sees record coal exports of more than 500 mln tonnes in 2023

Indonesia plans to produce 695 million tonnes of coal this year and sees exports of 518 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif said on Monday, a level that would mean record shipments out of the country.

Production last year was higher than the target of 663 million tonnes despite an export ban at the start of the year that caused some miners to hold back output, as well as heavy rains that disrupted operations.

Meanwhile, Indonesia's domestic coal consumption is estimated at 177 million tonnes in 2023, down from 193 million tonnes in 2022. Arifin expects that coal prices will remain elevated this year after 2022's record prices, caused by supply disruptions from the war in Ukraine.

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