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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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Sunday, 14 September 14
FREIGHT RATES RALLY AS DEMAND INCREASED
COALspot.com: The Baltic Dry Index (BDI) is a number (in US$) issued daily by the London-based Baltic Exchange up 2.25 percent week on week. BDI cl ...
Friday, 12 September 14
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 673.3 MMST, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 11 September 14
THE PANAMAX MARKET IS TAKING A BREATHER - FEARNLEYS
Handy
We have experienced more activity in both hemispheres this week, said Fearnleys in this week's weekly report.
"We see rates c ...
Wednesday, 10 September 14
ARE GREEK BANKS ON THE VERGE TO START LENDING AGAIN? - JOHN N. COTZIAS
It is well known that Greek Banks had suffered severely after the economic crisis of 2008. From that period onwards, major changes have occur ...
Tuesday, 09 September 14
WEAK M&A DESPITE ABUNDANT DISTRESSED INDONESIA COAL ASSETS - FITCH RATINGS
COALspot.com: Fitch Ratings says that a meaningful level of merger and acquisition (M&A) activity leading to a consolidation of the coal sector ...
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- Economic Council, Georgia
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