Singaporean consortium secures $850m for South32’s Australian coking coal
South32 said in February it had agreed to sell the business in New South Wales state for $1.65 billion.
Indonesia will require miners to report mineral and coal sales activities for domestic sales and exports through a new online platform, the mining ministry said on Monday.
The platform will compare sales data submitted by miners and compare them to their work and budget plan approved by energy ministry, including volume, quality, origin and sales destination of the product, the director general of coal and minerals, Bambang Gatot Ariyonom, said.
Surveyors and the customs office will also be able to use the data uploaded on the platform for monitoring.
Mineral producers are required to start using the platform by Jan. 1, 2020, Ariyono said. The platform was introduced to coal miners last month.
Companies will not be allowed to continue operating if they failed to submit their sales report to the system, he added.
“The launch of this module was based on the need for accurate and more updated data,” the mining ministry’s director of minerals Yunus Saefulhak said. “Data recapitulation is currently done manually quarterly and annually.”
(By Wilda Asmarini, Bernadette Christina Munthe and Fransiska Nangoy; Editing by Edmund Blair)
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