Purbaya Ensures Existing Coal Export Contracts Will Be Honoured
The government has assured that the implementation of the strategic natural resource export management policy through PT Danantara Sumber Daya Indonesia (DSI) will not disrupt existing coal export contracts between companies and international buyers.
Finance Minister Purbaya Yudhi Sadewa stated all valid contracts executed under normal transactions will be honoured during the transition and after policy implementation.
“Companies will honour their contracts as long as they are normal transactions with reference prices aligned to predetermined rates,” Purbaya said in a press conference on Sunday (31 May 2026).
The statement addresses market concerns over changes to coal export mechanisms following the government’s designation of PT Danantara Sumber Daya Indonesia (DSI) as the BUMN for strategic commodity exports.
The government has issued a regulation on Strategic Natural Resource Export Management, initially covering coal, palm oil, and ferro alloy. Under this policy, strategic commodity exports will be conducted through DSI to enhance oversight, prevent under-invoicing and transfer pricing, and optimise export forex earnings.
Transition period begins 1 June 2026 until year-end. During this period, exporters may continue operations as usual but are required to report all export activities to DSI.
Purbaya explained that the government has not fully altered export mechanisms initially. Export documents will still be submitted by exporters, with DSI monitoring via the prepared system.
“In the first phase, all documents will be reported to PT DSI so it can monitor through available systems,” he said.
According to Purbaya, mechanism changes will be phased in based on evaluation and DSI system readiness. The government has provided transition time for businesses to adjust existing operations and trade relationships.
“Future phases will be evaluated within three months, including considering PT DSI’s system readiness,” he added.
The government aims for full policy implementation by 1 January 2027 at the latest. However, Purbaya stressed business certainty remains the government’s priority to prevent disruptions to trade flows and existing commercial contracts.
With this phased approach, the government hopes to strengthen coal export management without disrupting commercial relationships between domestic producers and international buyers.