FEATURE: Indonesia's RKAB overhaul reshapes thermal coal supply outlook

Indonesia's return to annual mining Work Plan and Budget (RKAB) approvals, combined with a lower 2026 production ceiling, has raised expectations for tighter seaborne thermal coal availability, although the ultimate impact will depend on how much additional quota the Jakarta government eventually releases, Mysteel Global observes.

By late March, Indonesia's Ministry of Energy and Mineral Resources (ESDM) had approved around 580 million tonnes of coal RKAB for 2026, covering roughly 90% of submissions, against a government production target of around 600 million tonnes. The ceiling was significantly below the around 817 million tonnes produced in