MYSTEEL: Supply concerns about Indonesian thermal coal spur China buys

Concerns over export supplies of Indonesian thermal are growing in China as Jakarta's approvals of coal miners' Work Plans and Budgets (known as RKAB) that they submit each year are being delayed, Mysteel Global hads learned. The absence of the approvals are leading several mining firms to cease offering cargoes to main markets including China.

The delayed RKAB approvals were related to the Indonesian energy ministry's recent push to launch an E-RKAB work plan system in order to streamline business processes and enhance the efficiency of miners' requests, sources told Mysteel Global. Indonesia's move has led to a temporary reduction in Indonesian coal availability, especially