Indonesia's new mining law puts profit ahead of people and Jul 28, 2020 Even as the international trend is to reduce coal use, Indonesia provides huge opportunities and facilities for companies through the new Minerals and Coal Mining Law to extend PKP2B contracts permitting companies to continue to mine up to about 35 of the total national coal quota per year.Free Consultation
Dec 25, 2019 Berau Coal (Indonesia) BHP Billiton's coal interests Black Hills Corporation (USA) Bukit Asam (Indonesia) Bumi Resources (Indonesia) Coal India Limited (India) CONSOL Energy (USA) Drummond (USA and Colombia) Fortune Minerals (Canada) Glencore International Griffin Energy (Australia) Kaltim Prima Coal (Indonesia) Kideco Jaya Agung (Indonesia.(The main source for this story is a report by JATAM, an Indonesian NGO that is an advocate for communities adversely affected by coal mining. Its March 2019 report Small Islands of Indonesia, the Land of Mines – Report on the Destruction of the Entire Bodies of Small Islands of Indonesia by Minerals and Coal Mines.
Indonesia's Ministry of Energy and Mineral Resources will soon issue a moratorium on new coal mining concessions. This moratorium will be implemented after the issuance of a planned presidential instruction regarding a five-year moratorium on new palm oil plantation concessions. Heriyanto, Head of the Legal Department Directorate General of Minerals and Coal at the Energy Ministry, emphasized.Jul 04, 2019 Adopt coal policies that exclude project finance for new coal mines and coal-fired power plants in Indonesia. Adopt coal policies that exclude general corporate financing and advisory services to Indonesian companies that are highly dependent on coal power. End their exposure to Indonesian companies involved in coal, creating a time bound plan.
Indonesia’s coal plant building spree makes the country an outlier in Southeast Asia, where governments are increasingly taking a stand against the fossil fuel. Recent analysis by the Global Energy Monitor (GEM) identifies Indonesia as the only country in the region to build new coal energy infrastructure in the first half of 2019.Mar 23, 2021 Proponents of coal in Indonesia’s government argue that relying on a domestic resource like coal benefits Indonesia’s economy and promotes energy independence. For example, the push to expand downstream uses like coal gasification is partly meant to reduce imports of natural gas.
Hopefully President Joe Biden's new infrastructure plan, which includes $16 billion to transition former fossil fuel workers into new jobs capping oil and gas wells and reclaiming old coal mines.By September 2016 the Indonesian government plans to have revised regulations regarding exports of mineral ore, part of Law No. 4 2009 on Mineral and Coal Mining (New Mining Law). Per January 2014 mineral ore exports from Indonesia should have been banned altogether as the government aims to boost domestic smelter development and reduce the country's dependence on raw material exports.
East Kalimantan is the heartland of Indonesia’s coal mining industry. Thousands of open cast mines are scattered across the region, many of them illegal. Mines continue to be opened while others are abandoned when the coal reserves are exhausted. New mines often lead to the destruction of rain forest, and the way.For immediate release New report exposes World Bank links to destructive coal mining in Indonesia Can the IFC’s new Green Equity Strategy clean up the bank’s coal problem (April 11, 2019, Washington DC) – The World Bank Group is quietly bankrolling some of Indonesia’s most destructive coal mining companies, despite instituting a virtual ban on [ ].
The latest Indonesia coal news World Coal . Apr 16 2021 Argus Media Construction resumes at Indonesian coal power plant Monday 15 February 2021 1035 Argus Media has reported that the construction of a new 400 MW coalfired power plant in Indonesias Aceh regency has resumed after being halted because of the COVID19 pandemic.Indonesia’s Coal Mining Sector A Silver Lining Behind Dark Clouds. After being highly sought-after and becoming a leading foreign exchange earner through the early 2000s, Indonesia's coal sector has been hit hard in recent years following the fall in commodity prices.
Indonesia's new mining law puts profit ahead of people and Jul 28, 2020 Even as the international trend is to reduce coal use, Indonesia provides huge opportunities and facilities for companies through the new Minerals and Coal Mining Law to extend PKP2B contracts permitting companies to continue to mine up to about 35 of the total national coal quota per year.The Sebuku coal mine is an open cut truck and shovel coal-mining operation located on the tiny and remote island of Sebuku, in the province of South Kalimantan, Indonesia. It is owned and operated by the Straits Resources Singapore-listed subsidiary Straits Asia Resources.
The Indonesian government is having problems curbing the nation's coal output, especially now coal prices are at a much attractive level compared to one year ago. Therefore, the government may consider implementing disincentives or even sanctions in order to keep coal production under control and push it down to (an annual) 400 million metric tons by 2019.The Coal Sector in Indonesia. Indonesia’s coal industry was hit hard when prices of the commodity dropped sharply in the course of 2012 and the first half of 2013 amid slowing global economic growth and rising stockpiles in China. This section looks at the key trends impacting the coal industry in Indonesia.
Apr 19, 2021 Indonesia's mining giants race to adapt as investors cool on coal. Interview Indonesia's Astra eyes digital as potential new growth path. Japan's top coal power company scraps plan for new.Increases strongly as coal in Indonesia has a higher reserve to production ratio compared to oil and gas. Also, it can reduce the risk of current account deficit and inflation due to oil imports. Careful manage-ment and utilization of fossil fuel resources are critical to overcoming this challenge. 2.2 Coal in Indonesia.
PT Kaltim Prima Coal (KPC), located in the province of East Kalimantan, is the biggest coal mine in Indonesia. The KPC project produces around 50 million tonnes a year, making it one of the world’s largest coal mines. The KPC concession areas cover a vast 90,000 hectares in three districts, encompassing several villages, bordering on the East Kutai National Park, which has been.Apr 16, 2021 Argus Media Construction resumes at Indonesian coal power plant Monday, 15 February 2021 10 35 Argus Media has reported that the construction of a new 400 MW coal-fired power plant in Indonesia's Aceh regency has resumed after being halted because of the COVID-19 pandemic.
Aug 30, 2019 JAKARTA (TheInsiderStories) – Coal producer, Geo Energy Resources Ltd., has submitted a revised non-binding proposal to acquire new coal assets for a producing coal mine in East Kalimantan and Sumatera, said the company today (08 30). No further details on the plan. If the transaction proceeds, it is “likely to represent a very substantial acquisition” under the [ ].Indonesia's Ministry of Energy and Mineral Resources will prepare new regulations regarding coal production in the regions. Usually, local coal miners, together, produce much coal than what is targeted by the central government. By implementing stricter regulations and better monitoring (by enhanced coordination between the central and regional governments) there should be less.
Jul 12, 2019 Nevertheless, the government has ramped up coal output. President Joko “Jokowi” Widodo called for the construction of 117 new coal-fired power plants to counter the mine closures and economic pain caused by the recent global coal slowdown. China’s imports of Indonesian coal fell by 49 in 2015 alone.Mar 19, 2021 (Bloomberg) -- New coal mines are leaking methane gases that are in some cases just as destructive to the environment as the pollution released from burning the coal itself, according to a new.