Indonesian commodity exporters flag myriad hurdles in state monopoly push

Rating agencies sound alarm over wider regulatory uncertainty

Tugboats pull barges loaded with coal on the Mahakam River in East Kalimantan, Indonesia. Jakarta seeks tighter grip on exports of coal, palm oil and nickel in a push to boost state revenue.  © AP

JAKARTA -- Indonesia's move to monopolize exports of coal, palm oil and some forms of nickel under a new state enterprise has sent shockwaves through relevant industries, with producers and analysts warning of potential contract terminations and litigation.