Indonesia’s minerals and coal revenue reaches 60% of 2026 target at mid-year

Revenue passes the halfway mark

Indonesia’s non-tax state revenue from minerals and coal reached 60% of the full-year target during the first half of 2026, according to Suara.com. The government has set a target of Rp134 trillion for the year. The reported result puts collections above the halfway point with six months remaining, indicating that receipts were running ahead of a simple evenly distributed annual schedule.

The revenue category, known in Indonesia as PNBP minerba, covers state income from the minerals and coal industry outside taxation. The available report does not provide a breakdown by commodity, company, royalty type or month. It nevertheless identifies coal exports as one of the main factors supporting the first-half performance, making overseas demand and shipment volumes important to the revenue outlook for the rest of 2026.

Coal exports support collections

Suara.com linked the result to coal exports as well as to supply-and-demand management by Indonesia’s Ministry of Energy and Mineral Resources. The report did not disclose export tonnage, destination markets or realized coal prices. It also did not specify how much of the revenue came directly from coal rather than other mineral commodities.

For coal producers, the collection rate is a positive indicator of commercial activity, but it is not by itself a measure of profitability. State receipts can be affected by production, export volumes, benchmark prices, royalty arrangements and payment timing. Traders and buyers should therefore avoid treating the 60% figure as a direct proxy for either output growth or price strength without the underlying volume and price data.

Second-half pace will determine the outcome

Reaching 60% of the target in the first half gives the government a buffer against a slower contribution later in the year. However, the final result will still depend on whether coal shipments and mineral-sector payments remain strong. Changes in global demand, export availability or the balance between supply and consumption could alter the pace of collections.

The figure also highlights the fiscal importance of Indonesia’s extractive industries. For producers and investors, continued monitoring of government supply policies will be essential because measures affecting available tonnage can influence both export sales and state revenue. For importers, the key issue is whether Indonesia can maintain reliable coal availability while managing domestic and international demand. More detailed production, pricing and shipment data will be needed to establish whether the first-half revenue performance reflects higher volumes, favorable prices or a combination of both.