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coal — 1 lead

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WedSep 16The world's biggest coal exporter just let a top producer default on its contracts over a missing permit

Indonesia's third-largest coal producer declared force majeure on September 11, 2026 because a government ministry has not signed off on its annual production permit.

The permit desk, not geology, is now the binding constraint on roughly a fifth of the world's seaborne thermal coal.

coal84Roughly 50 RKAB revision applications pending as of September 16, 2026; Indonesian ministry indicated Bayan's approval could issue within days6

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