Country Report
Indonesia coal supply summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The most significant development in Indonesia's coal sector is the government's decision to set the 2026 national production ceiling under the Work Plan and Budget (RKAB) framework at 600 Mt, a cut of 24% year on year. If enforced in full, it will be one of the most notable supply-side interventions in the seaborne thermal coal market in recent years. This move reflects regulators reasserting control over output levels that had persistently exceeded official targets. The reversal became apparent in 2025, when full-year output eased to 790 Mt, a decline of 5.5% year on year and the first contraction since 2020. Exports also declined, falling to 537 Mt from a record 556 Mt in 2024, reflecting a combination of softer Asian demand, tighter quota enforcement, and a rising domestic allocation requirement. That followed record output in 2024, when Indonesia's raw coal production rose to 836 Mt, well above the government's 710 Mt production target for the year.
Table of contents
- Regulatory changes - a compounding cost stack
- PT Danantara Sumberdaya Indonesia (DSI) - a new export architecture
- Indonesia as swing supplier - quality mix and reserve depletion
- Coal haul road developments
- Companies diversifying outside coal mining
- Key producer developments
- Indonesia coal production by coal type
- Price assumptions
-
Kalimantan infrastructure
- Barge
- Trans-shipment
- Ports
- Barge
- Rail
- Trans-shipment
- Ports
Tables and charts
This report includes the following images and tables:
-
Marketable production (by mine status) and exportsIndonesia's key companies 2026 (attributable production)Indonesia coal production (by coal type)
-
Average total cash costs (operating mines and projects)Expansionary capital expenditure by mine status (US$ million)Change in Indonesia thermal coal prices and spreads 2015-2030Exports vs Indo 4200 GAR spot priceKalimantan infrastructureSumatra infrastructure
What's included
This report contains:
Other reports you may be interested in
Country Report
China coal supply summary
China's coal supply elasticity is structurally narrowing in 2026
$6,750
Country Report
Powder River Basin coal supply summary
PRB will produce less than 210 Mst in 2026 as demand ameliorates from 2025 highs. The basin faces decline in the longer term.
$6,750
Country Report
Colombia coal supply summary
Colombian coal production is expected in 2024 around 59 Mt with good demand growth in the Asia Pacific.
$6,750
