• 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 28 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 1 day European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 4 days Demonising fossil fuels has caused major grid problem in Australia
  • 11 hours "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 9 days "And this is perhaps the most dangerous kind of government there can be."
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 330 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
The World’s Top Coal Exporter Can’t Afford To Go Green

The World’s Top Coal Exporter Can’t Afford To Go Green

The world’s biggest coal exporter…

Colombia Could Help Europe Ditch Russian Coal

Colombia Could Help Europe Ditch Russian Coal

Sanctions on Russia have worsened…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Coal Prices Continue To Rise As Indonesia Blocks Coal Exports

Coal continues to be one of the strongest stories in the commodities sector. With news emerging this week that the world’s leading producer Coal India is hunting for overseas acquisitions of coking coal mines.

And strange news from the world’s largest coal-exporting nation could add fuel to the fire. With local problems here apparently creating potential for a significant supply disruption — that could drive global prices higher.

That’s in Indonesia’s key coal-producing region of Kalimantan on the island of Borneo. Where Reuters reported yesterday that coal exports have suddenly halted.

The news service pinpointed Kalimantan’s coal export disruption by looking at shipping data. Which show a big surge in the number of coal vessels waiting to load at Borneo’s ports — with a full 136 ships now offshore, up from 108 last week.

Delving into the situation, Reuters got a simple and mysterious answer from local industry sources. With Pandu Sjahrir, Chairman of the Indonesian Coal Mining Association, telling the news service, “The issue is that coal cannot get out because local authorities are blocking it.”

The Mining Association gave no explanation as to why authorities are blocking coal exports. And Reuters inquiries with port authorities in the area were inconclusive.

Which means we have an apparent stoppage of shipments from the world’s largest coal-exporting nation. And no idea on the cause or timeline for a restart. Related: It’s Time For Big Oil To Embrace The Digital Age

This could of course be a one-off problem that gets solved quickly. But if it does turn into something bigger, the impact on the global coal industry would be significant.

Coal buyers suddenly locked out of Indonesia would likely turn to nearby Australia for supply. Meaning we could see a spike in prices here, especially if buyers have to be aggressive in securing last-minute shipments.

Such a development could also benefit exporters in South Africa and even the U.S. Watch for more news on the cause of the Kalimantan blockade, and for rising coal prices if this looks to be a protracted issue.

Here’s to waiting for a reason.

By Dave Forest

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News