Thirty-four coal mining companies have submitted their work program and budget revisions (RKABs) to the Energy and Mineral Resources Ministry to apply for process production quota increases, a ministry official said on Monday night.
The ministry’s coal supervisory and business director, Muhammad Hendrasto, said on Monday that the ministry would accept work programs and budget revisions from coal miners until the end of July.
“So far 34 companies have submitted revisions. We will wait until the end of July,” Hendrasto said as quoted by kontan.co.id on Monday.
Hendrasto said the ministry would evaluate only the revisions from companies that had obtained mining licenses from the central government, while provincial governments would evaluate the revised work programs and budgets of companies for which they had issued licenses.
The ministry will decide on the size of production quotas for each province, the official said, adding that several requirements had been set as references to assess the RKAB.
He stressed that not all RKABs would be approved as the government would also consider market conditions.
“One of the requirements is reports on their domestic market obligations and their working performance until the second quarter. If they didn’t report it then we will not approve their RKAB,” he said. (dpk/bbn)
Source: News Desk / The Jakarta Post
23 July 2019