Feb 18, 2014 | Commodities
Newcastle Port, the largest thermal coal exporting terminal in the region, shipped out 4.02 million tons of coal in the week ended February 17, jumped by 30.4% from the previous week. This contributed to downward pressures of coal prices in seaborne market, given...
Feb 17, 2014 | Commodities
Government officers said discussions about possible implementation of quota system in production and export of thermal coal will start in April 2014 (waiting completion of legislative election?). Central government will regulate those operating under Coal Contract of...
Feb 17, 2014 | Commodities
Asahan I, a 180-MW hydroelectric power plant, entered commercial operation in January 2011. It sells electricity to the national electricity utility PT Perusahaan Listrik Negara (PLN) under a long-term power purchase agreement (PPA) expiring December 2040. Who’s...
Feb 14, 2014 | Commodities
Business Standard reported today that Indian company GMR Infrastructure plans to sell its 30% shares in Golden Energy Mines (GEMS), acquired from Sinarmas Group less than three years ago, and portion of its ownership in Barasentosa Lestari. GMR Infrastructure expects...
Feb 11, 2014 | Commodities
Thermal coal players were upbeat with a plan from the government to ban export of low-rank coal. But, strong lobby from low-rank coal producers forced government to delay implementation of the program. China coal players, meanwhile, have moved faster in the...
Feb 7, 2014 | Commodities
Illegal mining and small-new players might have contributed to substantial growth of coal supply in the seaborne market. But, big boys like Adaro Energy and Bumi Resources have their share in the surge of supply. Adaro Energy’s coal production grew 11%, while sales...
Feb 4, 2014 | Commodities
Energy and mineral resources ministry has just issued clear and clean status of 38 mining licenses, including three coal exploration licenses in Mamberamo Raya, Papua province and two exploration licenses in Kutai Kartanegara and Kutai Timur, East Kalimantan province....
Feb 4, 2014 | Commodities
Orpheus Energy Ltd, a company listed on Australia Stock Exchange (ASX), produced only 29,767 tons of coal from its Kalimantan operation last year. This year, however, the company sets a more ambitious production and sales target. Realm Resources Ltd, another...
Jan 22, 2014 | Commodities
Try google ‘coal’s demise’, you will find the following articles since September 2013: “Talk of coal’s demise ignores world market”, “Reports of Coal’s Death Have Been Greatly Eaxggerated”, “No sign of King...
Jan 20, 2014 | Commodities
Samin Tan’s Borneo Lumbung Energi & Metal (BORN) is bracing both market and operational pressures. Coking coal market continues to provide negative sentiment, which raises question surrounding BORN’s mounts of debts, especially the US$1 billion...
