Some buyers have cited Indonesia’s reference coal price as a possible deterrent, arguing it was higher than global market rates.

The Indonesian Government will ban bauxite exports starting this year to spur the domestic downstream sector, the country’s President Joko Widodo has said.

Indonesia’s PT. Intra Asia Corpora has signed a memorandum of understanding (MoU) with Vietnam’s Hong Phat Coal and Resources Company to build a coal port in southern Vietnam.

The Ministry of Finance has refused to reduce tax rates for the coal industry, citing the fact that tax reduction is beyond the Government’s authority.

The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) strives to sell over 36 million tonnes of coal in 2017, an increase of one million tonnes compared to 2016.