Coal Exports Must Pass Through State-Owned Enterprise DSI: Reactions from BUMI and BYAN Issuers
Jakarta, CNBC Indonesia - Several coal issuers have finally spoken out regarding the new government policy requiring producers of strategic natural resource-based commodities to conduct exports through a single gateway, namely the state-owned export enterprise PT Danantara Sumberdaya Indonesia (DSI), starting 1 June 2026.
In information disclosures to the Indonesia Stock Exchange (IDX), the majority of issuers stated they are still awaiting regulatory clarity. Consequently, they are not yet able to calculate the exact impact on business, operations, or corporate financial performance.
Below are the reactions from several coal producers regarding the policy of exporting coal through PT DSI:
- PT Bumi Resources Tbk (BUMI)
Through information disclosure to the Indonesia Stock Exchange, PT Bumi Resources Tbk (BUMI) acknowledged that the company is aware from media reports of the Indonesian Government’s plan to establish a specialised State-Owned Enterprise (SOE) for natural resource exports. “However, considering that the Company has not yet received the Government Regulation (PP) on Natural Resource Governance, the Company is not yet able to provide an explanation regarding its stance on matters to be regulated in said PP and its impact on the Company,” BUMI explained on 29 May 2026.
- PT Bayan Resources Tbk (BYAN)
A similar sentiment was expressed by PT Bayan Resources Tbk (BYAN). In its official statement to the IDX, Bayan stated that the company supports the policy. However, the company is still monitoring and further studying the substance, scope, and technical implementation of the planned policy.
“The Company respects and supports the policy of the Government of the Republic of Indonesia in order to strengthen national natural resource governance and encourage business practices in accordance with good corporate governance principles through the planned issuance of the Government Regulation regarding Natural Resource Export Governance,” the official statement noted.
“For now, the Company continues to monitor and study in depth the substance, scope, and technical implementation of the planned policy and is actively participating in socialisations and discussion forums related to the planned implementation of the policy.”
Regarding the impact on coal sales or company revenue:
“The Company generates revenue from coal export sales abroad. At this time, the Company is still studying and conducting a comprehensive assessment of the planned policy to understand its implementation mechanism in its entirety. However, as of this explanation, the Company does not yet know the mechanism of the said policy, so the Company cannot yet determine with certainty the impact of the policy implementation on the Company, including the magnitude of revenue, operating profit, net profit, cash flow, or other impacts,” the company wrote.
“As a mitigation step, the Company will continue to monitor developments in the said regulation, including coordinating and communicating with regulators, industry associations, customers, and other relevant stakeholders. The Company will also periodically evaluate its operational and commercial strategies to ensure compliance with applicable laws and regulations and to maintain the Company’s business continuity.”
“As of now, the Company has no specific corporate action plans regarding the planned policy; however, the Company always ensures compliance with applicable laws and regulations and will provide information disclosure in accordance with the provisions of the Financial Services Authority (OJK) and the Indonesia Stock Exchange if there are material developments regarding this matter,” the company added.
- PT Adaro Andalan Indonesia Tbk (AADI)
AADI Corporate Secretary Ray Aryaputra, in an official statement to the IDX on 29 May 2026, also admitted that the company cannot yet assess the impact of this government policy because the official regulation on natural resource export governance has not yet been issued.
“It is hereby stated that, to the Company’s knowledge, the regulation governing Natural Resource Export Governance has not yet been issued, so the Company cannot yet assess the impact and implications for business continuity, operational activities, financial condition, existing agreements with customers and financiers, legal risks, and other aspects until said regulation is issued,” he stated. He added that the company will always comply with government policies and strive to adhere to applicable laws and regulations.
- PT Bukit Asam Tbk (PTBA)
Similarly, PT Bukit Asam Tbk (PTBA) stated via an official statement to the IDX on 2 June 2026, that in principle, the company respects every policy set by the government. However, the government still needs to study the draft Government Regulation.
“As an SOE and a public company, the Company in principle respects every policy set by the Government of the Republic of Indonesia regarding the governance of natural resource exports. In response to the plan to issue the Government Regulation on the Governance of Strategic Natural Resource Commodity Exports Through State-Owned Enterprises (‘PP Export of Strategic Natural Resources’), the Company is currently actively monitoring and studying the draft Government Regulation and monitoring the latest developments,” said PTBA Corporate Secretary Eko Prayitno in an official statement to the IDX on 2 June 2026. The company has also taken internal anticipatory steps by coordinating with relevant stakeholders and regulators to ensure that the company’s export operational and commercial activities remain unaffected.