Value of Coal Theft in Indonesia from Illegal Mines

In 2013, an estimated $6 Billion worth of coal was stolen from mines in Indonesia, according to industry sources.

In one mine operated by PT Bumi Resources, up to two million metric tons of coal is stolen by illegal miners and operators. At the prices of March 2014, the value of coal stolen from this mine would be about $150 Million per month.

The amount of coal being stolen  every three days in the province of South Kalimantan is enough to fill a vessel almost the size of the Chrysler Building in New York City.

Source:  Jesse Risborough, “Indonesia’s $6 Billion of Coal Mine Thefts Said to Widen,” Bloomberg, March 5, 2014.