Coal Stocks Slip as Ministry Mulls Royalty Hike on Miners

Bisnis.com, JAKARTA — Energy stocks were sliding as the government weighs a royalty hike for mining companies, as reflected on the IDX Energy—the bourse’s index for energy stocks—correcting for two consecutive days since Monday (10/3).

The index dipped 0.11% to 2,448.95 on Monday, and by 1.49% yesterday. Concurrently, the IDX Composite (IHSG) also faced a two-day decline, falling by 0.57% on Monday and 0.79% (52.36 points) to 6,545.85 in yesterday’s trading.