Coal Royalties to Refer to Reference Price Despite Exports via DSI
The Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, stated that the amount of coal royalties will not change even though the commodity’s export is conducted through PT Danantara Sumberdaya Indonesia (DSI). According to him, royalty calculations will continue to refer to the applicable Coal Reference Price (HBA).
“The royalty will be charged based on the HBA price, just as usual, with no changes. It is simply that what could previously be sold directly will now be sold through PT DSI,” Bahlil told reporters at the parliamentary complex in Jakarta on Monday, 8 June 2026.
Bahlil explained that this scheme will remain in effect until the end of 2026. During this transition period, companies will remain responsible for royalty payments because existing long-term export contracts remain valid.
“From June to December, it is still a recording system; it has not yet been sold to DSI because long-term contracts are already in place. Therefore, the companies are still the ones liable for royalties. We will look for the appropriate formulation in 2027,” he added.
Previously, the Chief Operating Officer of Danantara, Dony Oskaria, stated that the implementation of commodity exports through PT DSI until 31 December 2026 will continue to refer to the contracts agreed upon by companies with overseas buyers. PT DSI will only take over full management of exports starting in January 2027.
“Therefore, for all entrepreneurs and the Indonesian people, there is no need for concern as all contracts will proceed normally. We are merely ensuring stability until we find a better pattern after 31 December 2026,” said Dony.
According to Dony, during the transition period, PT DSI will function as the sole intermediary for the export of natural resource commodities in accordance with government regulations. One of its primary tasks is to ensure that practices such as under-invoicing or transfer pricing, which could potentially harm state revenue, do not occur.
He emphasised that all export contracts held by companies will continue as usual, provided no violations or practices detrimental to state revenue are discovered.
The government previously restructured the governance of strategic natural resource commodity exports through a Government Regulation (PP) that came into effect on 1 June 2026. The regulation mandates that export rights for strategic commodities can only be exercised through State-Owned Enterprises (BUMN).
In its implementation, the government has appointed PT DSI as the sole exporter. Through this scheme, the government claims it can secure potential export revenues of up to US$150 billion, or approximately Rp2,654 trillion.
This single-door export policy is applied to three groups of strategic non-oil and gas commodities that contribute nearly 60 per cent of total national exports: crude palm oil (CPO) and its derivatives, coal, and ferroalloys, including ferronickel.