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Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
 The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this year, a senior ministry official said on Friday.
Bambang Setiawan, director general of mineral, coal and geothermal energy, said he did not believe the wet weather would cause coal companies to miss the target of 275 million tons.
“I am still optimistic that by the end of the year we can reach 290 million tons of coal production,” he said.
Bambang said total coal production was 206.2 million tons during the first three quarters of the year — or 75 percent of the target of 275 million tons.
The short, wet dry season caused by the La Nina weather phenomenon has hampered production of a range of commodities, from tin and coffee to coal and rubber.
Bob Kamandanu, chairman of the Indonesian Coal Mining Association, said in August that the nation may miss the association’s 2010 production target of 320 million tons, and that output may be flat from last year at 300 million tons.
He said some producers had declared force majeure, a legal clause allowing companies to abandon contractual obligations because of circumstances beyond their control,
Bambang said that as of September, the government had received Rp 13 trillion ($1.45 billion in tax revenue from the coal sector, 85 percent of the target.
Source: The Jakarta Globe
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Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
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- Ministry of Transport, Egypt
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- Eastern Coal Council - USA
- Bhatia International Limited - India
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- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
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- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
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- London Commodity Brokers - England
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- Maharashtra Electricity Regulatory Commission - India
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- IEA Clean Coal Centre - UK
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- Parliament of New Zealand
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- Singapore Mercantile Exchange
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