Indonesia saw domestic consumption fall 14 million tons short of projections, and the benchmark export coal price drop to a five-year low, leading to miners cutting 50 million tons of capacity ...
Indonesian coal miners want a quick resolution to a government coal export ban that has caused fuel prices to rise and could disrupt the energy supplies of some of the world's biggest economies.
Several large coal miners in Indonesia announced their production forecasts for 2022, expecting a significant increase from 2021 output levels. Higher prices, higher output, higher profits. Indonesian coal miner PT Bumi Resources on May 12 said it plans to produce 83 million-89 million mt of coal this year, against the 78.8 million mt in …
Indonesian coal miner Bayan Resources is suing Indonesia's investment board head over a decision to revoke its permits. The revocation effectively reduces by 16% the total area of concessions ...
Indonesia requires coal miners to sell 25% of their production locally at a maximum price of $70 per tonne for power plants. Meanwhile, a government-set benchmark export price has soared since the ...
Indonesia's attraction is the low price of its coal, reflecting cheaper freight rates and operating costs, despite poor infrastructure and weather problems which often lead to unreliable delivery ...
Last year, six miners died at an illegal gold mine in Central Sulawesi, while 11 miners died at an unlicensed coal mine in a similar incident in South Sumatra in 2020. Chasing fortunes
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower prices, the mining minister said on Tuesday.
Indonesia's coal industry stands as a cornerstone of its economy, with these top companies driving growth and development. The coal business in Indonesia, encompassing mining, trading, and supply, remains a key player in the nation's energy security and economic prosperity. Start Your Coal Business in Indonesia. Having …
The FTB Project, owned by Bayan Resources, is a surface mine located in East Kalimantan. The mine produced an estimated 24.4 MTPA of coal in 2020. The mine will operate until 2055. 5. Indominco-Mandiri Mine. Owned by Banpu, the Indominco-Mandiri Mine is a surface mine located in East Kalimantan. It produced an estimated 12.808 …
INDONESIA MINER hosts a premier conference that combines Metals, Coal and Other minerals, including EV Battery Industry discussion. With digital media news centred on Minerals and Coal project updates and operational technology and Intelligent Directory our platform will create influential content that engages audiences and …
Major Indonesian coal miners have sought exemptions from a coal export ban put in place at the start of the year as the costs of having scores of ships stranded offshore continue to mount.
An Indonesia-based producer said the approved quota is the maximum production if all miners operate at full capacity, but most of the miners usually meet 80% of the RKAB quota. The ministry said out of the total 883 RKAB proposals, 587 mining companies received approvals, while 121 applications were rejected due to technical …
Indonesian miners may struggle to reach a 2022 output target of 663 million tonnes because of export restrictions imposed unexpectedly in January, Indonesia Coal Miners Association executive ...
Indonesia's coal production hit a record high of 775.2 million mt in 2023, exceeding the target of 694 million mt set earlier by the government, according to …
JAKARTA/CHENNAI--Indonesian coal miners want a quick resolution to a government coal export ban that has caused fuel prices to rise and could disrupt the energy supplies of some of the world's ...
Pandu Sjahrir, chairman of the Indonesian Coal Miners Association (ICMA), said the group's 10 biggest members would help PLN close the supply gap as a "very short-term solution".
miners to coal-price falls. Adaro has the most resilient FFO among rated Indonesian coal companies – given its competitive mining business and stable service businesses, while Bayan generates the highest EBITDA/tonne (t) (coal-mining segment only), reflecting its best cost position among Fitch rated Indonesian coal miners. This is
The Indonesian government is pursuing a policy to mandate coal miners to operate local processing plants after annual coal production hit a new record in 2023. The downstream industry policy seeks to restrict the export of raw coals while obliging producers to come up with a clear domestic processing agenda by 2025.
They include coal miners PT Arutmin Indonesia (whose permit expires in November 2020), PT Kaltim Prima Coal (2021), PT Kendilo Coal Indonesia (2021), PT Multi Harapan Utama (2022), PT Adaro ...
Despite the global shift away from fossil fuels, Indonesian coal miners have posted encouraging growth, thanks to a dramatic rise in coal prices throughout the year.
Indonesian coal miners have a pre-set domestic market obligation that mandates them to sell at least 25% of their production within the country. Failure to do so attracts heavy penalty and may also lead to cancellation of license. But most miners are more inclined towards exporting coal as they are bound to sell the fuel domestically at a ...
Indonesia requires coal producers to supply at least 25% of output to meet local needs and sets a ceiling price for coal sold to local power plants at $70 per ton, a policy known as the domestic ...
JAKARTA, Jan 3 (Reuters) - Indonesia's biggest coal miner Bumi Resources aims to produce around 80 million metric tons of coal this year, up from an estimated 78 million tons, Director Dileep Srivastava said on Wednesday.
Indonesian thermal coal miners are mulling lowering their production targets for 2022 because of unavailability of heavy equipment and unseasonal rains, sources told S&P Global Commodity Insights July 26.
Currently, the Indonesian miners are spending around $40/mt to produce 3,400 kg/kcal coal in the interior parts of the country, two traders based in Indonesia said, adding that the cost can rise up to $50-$55/mt for the production of 4,200 kg/kcal.
Coal mining accounts for around 6.6 percent of Indonesia's national GDP, making it one of the country's most important commodities. Due to its vast resources, …
Indonesian coal miners are digging in for a long siege. Besides weak global demand and volatile coal prices, the sector is dealing with domestic regulatory changes. The first mining license conversion under the new mining law, announced on Nov. 2, 2020, will offer some guidance to an evolving royalty, tax, and profit-sharing regime. …
After recovering in 2021, the demand for Indonesian coal had been expected to rise due to the Russia-Ukraine conflict and the ban on Russian fossil fuels. As of 2022, the increase of Indonesia's ...
The development has come with several coal miners are waiting for an approval from the government for their revised production quota for this year. ... "Post review, ESDM needs to give approval by 30 days from submitting the revised RKAB plan with relevant documents," an Indonesia-based miner said. One of the miners, …
Indonesian Production of Coal and Minerals. The coal production of Indonesia has shown steady growth over the last decade.
Indonesia's two largest coal groups, PT Bumi Resources and Adaro Energy, as well as state coal miner Bukit Asam, opens new tab, were among companies that said in stock exchange filings they had ...
Founded on 20th September 1989 as to response to the challenges of coal mining industry in Indonesia. The APBI-ICMA is a non-government, nonprofit and non-political organization that embraces both upstream (exploration and exploitation) and downstream (marketing the distribution, utilization and mining services) aspects of coal industry in Indonesia.
Indonesian Production of Coal and Minerals. In 2022, the coal production target has been set at 663 million tonnes. Initially, Indonesian miners were expected to struggle to meet this target due to coal export restrictions …
Thermal coal miners in Indonesia generally submit their production plan, locally known as RKAB, by the November-December period for the upcoming year. They are also given a provision to revise their output target by the month of July next year. To execute their revision plan, the miners require the government's permission, without …
Indonesian coal miners looking to embrace a changing energy landscape are increasingly of the view that diversifying into renewables has to happen now or never.. As global coal trade flows saw one of the worst disruption due to the Russia-Ukraine war, Indonesia's silent efforts to increase renewable energy capacity over the longer term …
Indonesia is a major producer of low and high grade thermal coal & is a key exporter market maker for Asia, especially China and India. Coal export targets for 2023 are 500M tonnes – our Team have direct access to all the top & most trusted exporting mines to secure you allocation of your required specs.
The five largest coal mines, i.e., Sangatta Mine, Pasir Mine, Tutupan Mine, FTB Project, and Borneo Indobara Mine, cumulatively produced approximately 173.3 million tonnes of …
Rio Tinto sold the Mount Pleasant thermal coal mine in 2016 for $244 million to MACH Energy Australia, which is wholly owned by the Salim family. And, the Adaro Group, Indonesia's second-largest ...
