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·For context Indonesia currently has coal resources of billion tons and reserves of billion tons of which 70% of the resources consist of low quality coal and the remaining 30% are medium and high quality coal Indonesia Miner INDONESIA MINER offers partners an unsurpassed platform to reach Indonesia mining community and
JAKARTA Jan 6 Reuters 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
·Only coal miners compliant with Indonesia s new regulations on domestic market sales will be cleared to restart shipments when a coal export ban expires next week with 171 miners approved so far
·Coal is one of the most important commodities for Indonesia in terms of state revenue as it accounts for about 85 percent of the country s total mining revenue Therefore when global coal prices fell sharply from 2011 amid a slowing global economy Indonesia felt the impact In a response to lower coal prices Indonesian miners actually increased coal output
·The price of Indonesian 4 200 kcal/kg GAR coal rose from $/mt FOB Dec 31 to $/mt Feb 11 before easing to $/mt Feb 21 S&P Global Platts data showed Indonesia has decided to levy penalties on thermal coal miners that failed to meet their DMO in 2021 as well as impose several restrictions on exports Platts reported Feb 4
·Along with the increase in production ADRO recorded coal production sales reaching million tons Referring to Minerba One Data Indonesia MODI the Indonesian government targets coal production at million tons To date coal production has reached million tons or the equivalent of % of the target
·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
·Shares of Indonesian miner Adaro Energy fell % while Bukit Asam lost % and Bumi Resources tumbled % in early trade JAKARTA Shares of Indonesia s leading coal miners fell on Monday
·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 reasons
Recently Indonesian coal miners signed a Memorandum of Understanding with the China Coal Transportation and Distribution Association to enhance coal exports Meanwhile the Indonesian government is also making a concentrated push towards becoming a production hub for Electric Vehicle batteries This strategy which owes both to Indonesia s
·Based in Jakarta Fransiska reports on energy and commodity news in Indonesia a major exporter of various important commodities such as thermal coal LNG nickel copper palm oil and coffee
Exploring China coal outlook in 2023 what does it mean for Indonesia coal miners Speaker Mr Zhang Chaoyang President Director of China Chamber of Commerce in Indonesia CCCI 09 45 The future of coal industry in Indonesia in the country s energy transition programs and net zero emission target
·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
This dataset captures nearly million coal miners directly employed at the world s operating coal mines and finds that the coal industry is expected to shed nearly half a million jobs in the mining sector by 2035 affecting on average 100 workers per day underlining the urgency of action to prevent widespread social and economic strife
·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
·Indonesia s most powerful billionaire families are investing in Australian coal mines as ASX listed miners offload fossil fuel assets and banks withdraw credit to big emitters
6 ·It will affect the current market prices of coal and also coal stocks Indonesian coal miners association didn t welcome this coal export ban by Indonesia Indonesia as the Global Exporter of Thermal Coal Pre 2000 s Indonesia s role as a coal exporter was fringe at best Yet over the last 20 years they are second only to China
·Not all coal miners are affected equally by the new regulations Those who focus on supplying the domestic market and therefore must have power plants as customers considering power plants are the biggest coal consumers in Indonesia will surely be impacted significantly An example is listed coal miner Tambang Batubara Bukit Asam This state
A spokesperson for Adaro one of Indonesia s biggest coal miners and among the 10 miners said that in 2021 it sold about 27% of its output domestically more than required Analysts expect the
6 ·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 establish a brand as
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 establish a brand as
·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 establish a brand as
