Joko Widodo said he has set a timeline for the completion of a number of coal downstream projects in Indonesia and expected all stakeholders, including ministries, to meet the target.
Minister of Energy and Mineral Resources said the remaining coal producers who have yet to meet the obligation must need to wait before restarting their export activities.
Ministry of Energy and Mineral Resources said the step is an effort to ensure the availability of coal supply for power plants in Indonesia.
As some multinational companies decided to leave Indonesia, more opportunities are now available for Indonesian companies to play bigger role in the upstream of oil and gas.
The President said after first imposing the export ban on nickel ore, the government aims to also enforce similar policy on bauxite, copper, and tin.
The Indonesian team of lawyers, led by Vice Trade Minister Jerry Sambuaga
President Joko Widodo reiterated that Indonesia will not budge and is ready to face a lawsuit filed by the European Union (EU) over ban on raw nickel export.
