Bayan Resources Declares Force Majeure
Indonesian coal miner PT Bayan Resources and three subsidiaries declared force majeure on supply obligations after the government delayed approving their 2026 mining quota revisions.
Insights:
PT Bayan Resources declared force majeure on coal supply obligations on Monday morning after failing to secure required mining quota revisions from Indonesia. The disruption hits three operating subsidiaries and impacts customer deliveries across the board. The freeze comes as the miner faces potential buyout interest from a local conglomerate.
