Indonesia postpones coal royalty rise as miners resist due to low prices

Posted on March 20, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

The Indonesian government has postponed plans to raise coal royalties due to strong resistance from small and medium-sized miners saying it was an extra burden while prices were low, a senior government official said Thursday.

Indonesian miners met energy ministry officials this week to state their opposition to the plan to raise coal royalty payments across the board to 13.5% from the current 3-7%, industry sources said.