Tag: IUP

Coal Journal

Relatively strong crude oil price, lackluster recovery of coal industry in the United States of America and continuing de-capacity in China have continued to support thermal coal. The commodity was traded at US$99.35 per ton yesterday to represent 13.35% gain year-on-year.

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Short-Term Support for Coal

Ministry of trade has stopped export services for 2509 mining companies without clear and clean status starting today. This is part of disciplinary action initiated by the Corruption Eradication Commssion (KPK) in the mining industry. Next in line will affect those with liabilities to the State in the form of royalties and other taxes.

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