While global coal prices continue to slide, there emerged some support as Indonesia is estimated to consume more coal in 2016 in its coal-fired power plants. According to Indonesia's Ministry of Energy and Mineral Resources, domestic consumption of coal will rise 7.7 percent year-on-year (y/y) to 86 million tons in 2016 from 79.8 million tons in 2015. The ministry set the domestic market obligation (DMO), the minimum amount of coal that Indonesia's coal producers need to supply to the local market, at 86 million tons. The DMO is set to ensure sufficient power generation in Southeast Asia's largest economy.

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Menteri Transportasi Indonesia Ignatius Jonan meresmikan terminal batubara baru, dimiliki oleh perusahaan milik negara penambang batubara Tambang Batubara Bukit Asam, di Tarahan (Sumatra Selatan) pada hari Rabu (10/06). Terminal batubara Tarahan ini, yang membutuhkan investasi 152 juta dollar AS, kini telah menjadi terminal komersil terbesar di Indonesia dan memiliki kemampuan untuk mengakomodasi kapal dengan kapasitas maksimum 210.000 dead-weight tonnage (DWT). Kapasitas maksimum dari terminal ini dijadwalkan untuk diperbesar menjadi 240.000 DWT.

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Pendapatan perusahaan-perusahaan pertambangan batubara yang terdaftar di Bursa Efek Indonesia (BEI) secara umum menurun pada 2014. Ini menjadi bukti bahwa industri batubara, yang merupakan bisnis yang menguntungkan pada tahun 2000an (hingga 2011), masih mengalami perlambatan karena masalah-masalah ekonomi global. Ekonomi global yang bergerak lambat menyebabkan permintaan yang rendah bagi komoditi-komoditi seperti batubara dan minyak sawit mentah (dua penghasil devisa penting di Indonesia). Perlambatan pertumbuhan ekonomi di Republik Rakyat Tionghoa (RRT) khususnya mengkhawatirkan.

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Indonesia Investments has updated the company profile of Tambang Batubara Bukit Asam. This state controlled company is one of the largest coal mining companies in Indonesia and has vast coal mines in South Sumatra, West Sumatra and East Kalimantan. The company feels the impact of global economic turmoil as can be seen from the 44.2 percent fall in net income over the first six months of 2013 compared to the same period in 2012. A weakening coal price in combination with higher costs of sales were the underlying reasons. 

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The soaring benchmark thermal coal price of the Indonesian government (called harga batubara acuan, abbreviated HBA), which is set (on a monthly basis) by the Energy and Mineral Resources Ministry, should boost earnings of listed Indonesian coal miner Tambang Batubara Bukit Asam in 2017. The HBA price nearly doubled to USD $102 per metric ton in December from the year-start. Besides the rising coal price, the company should also see improving corporate earnings due to its expected rising sales volume.

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State-controlled coal mining company Tambang Batubara Bukit Asam may be the only Indonesian coal producer that will post higher sales in 2016, both in terms of volume and revenue. The nation's other coal miners are expected to see further dropping coal sales due to sluggish global demand although coal prices may stabilize this year. According to Trimegah Securities Bukit Asam's coal sales volume will rise 25 percent (y/y) to 23.9 million tons in 2016, while revenue is estimated to rise 9 percent (y/y) to IDR 15 trillion (approx. USD $1.1 billion), and coal mining operational costs to fall by 3 percent (y/y) to USD $39.8 per ton.

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