Indonesia may allow coal exports to resume Monday or Tuesday - minister

FILE PHOTO: Excavators pile coal in a storage area in an Indonesian Power Plant in Suralaya, in Banten province January 20, 2010.
FILE PHOTO: Excavators pile coal in a storage area in an Indonesian Power Plant in Suralaya, in Banten province January 20, 2010.

JAKARTA (Reuters) - Indonesia may allow coal exports to resume by the end of Monday or Tuesday, as domestic demand has been met, senior minister Luhut Pandjaitan said.

"End of today or tomorrow we can release some of the big vessels," Luhut said in an interview on Monday with CNBC.

He said the government was also drawing up a new pricing structure for the so-called domestic market obligation, so the state utility firm PLN buys coal at market price.

(Reporting by Gayatri Suroyo and Bernadette Christina; Writing by Fransiska Nangoy; Editing by Martin Petty)

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