[SMM Coal Flash] Indonesia Looks to Converting Low-Calorie Coal into Gas and Fuel

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has approved the 2026 RKAB revisions for PT Bayan Resources Tbk’s three subsidiaries, PT Tiwa Abadi, PT Tanur Jaya and PT Fajar Sakti Prima. The revised RKAB provides an additional coal production quota of around 15-20 million tonnes for the three subsidiaries.

Australian coal miner New Hope Corporation Limited has released its full-year results for the 2026 financial year, reporting saleable coal production of 11.5 million tonnes and coal sales of 11.8 million tonnes. Production growth was supported by the continued ramp-up of the New Acland Mine and strong performance at the Bengalla Mine in the second half of the financial year. Underlying EBITDA reached AUD514 million, while net profit after tax stood at AUD161 million for FY2026.

Indonesian coal player PT Bayan Resources Tbk announced that Andi Syamsuddin Arsyad, also known as Haji Isam, will acquire 10.0 billion Bayan shares through PT Jhonlin Baratama. Bayan's management said the proposed transfer of the controlling shares was formalised through a Conditional Sale and Purchase of Shares Agreement signed on 16 September by company founder Low Tuck Kwong and his daughter Elaine Low. The agreement covers the proposed transfer of 10,000,000,500 ordinary Bayan shares. However, Bayan said completion of the transaction remains subject to the fulfilment of several conditions precedent.