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Tuesday, 16 September 14
INDONESIAN COAL OUTPUT WON'T EXCEED 421M TONS: GOVT - JP
 The government is optimistic that it will meet its coal production target for this year, which caps nationwide production at a flat number compared to a year earlier at 421 million tons, as reported by the Jakarta post.
The Energy and Mineral Resources Ministry’s director general for minerals and coal, R. Sukhyar, said that total production had reached 280 million tons as of the end of August. Of the total, he said, up to 60 million tons were sold to the domestic market and the remainder was sent abroad. Indonesia is the world’s top thermal coal exporter and producer, the Jakarta post said.
As quoted by JP, Sukhyar saying “the number [280 million tons] is two thirds of our full-year production plan. We have four months left and it is likely that the output will reach 400 million tons or less.”
The government is targeting to see national coal production reach only 421 million tons this year, which is the same level as last year’s output. The cap in output is aimed at halting coal exploitation so that the country can reserve the non-renewable fuel for future usage.
Coal miners are required to submit their production plans to the minerals and coal office, which enables the ministry to control any increases, the post reported.
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Wednesday, 17 September 14
SHIPPING MARKET INSIGHT - GEORGE LAZARIDIS
Since the onslaught of 2013 the rising tide of asset prices had been primarily driven by the increasing freight market conditions and the improving ...
Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for ...
Monday, 15 September 14
CHINA'S COAL PROPOSALS LEAVE SOME HOPE FOR EXPORTERS - DAILY NEWS
When the best thing you can say about new policies is that they aren’t as bad as they could have been, then you know your industry is in deep ...
Monday, 15 September 14
SUB-BIT FOB INDONESIA COAL SWAP, JANUARY 2015 DELIVERY GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.40 (+0.78%) day on day and US$ 0.55 (+1.08%) per mt week on week. The ...
Monday, 15 September 14
CFR SOUTH CHINA COAL SWAP GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 2.30 (-3.36%) month over month, but increased day on day a ...
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