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Monday, 01 June 15
35,000 MW POWER PLANTS TO BOOST COAL CONSUMPTION - JP
Jakarta post logoThe government’s program to develop 35,000 megawatt (MW) power plants will increase domestic coal consumption, which currently stands at around 90 million tons per year, as quoted by the Jakarta Post.

“Indonesia’s coal production now stands at around 400 million tons per year. In the next five years, after the development of the 35,000 MW power plants is completed, Indonesia will need 200 million tons of coal per year,” said Energy and Mineral Resources Minister Sudirman Said, as quoted by Antara, during a media gathering at the ministry in Jakarta on Sunday.

With the increased demand for coal, he said, coal producers would prefer to sell to domestic markets instead of exporting, because of the lower risks.

“What we have to do now is to make the market healthier. The current sustained period of low coal prices is the right time for us to consolidate,” said Sudirman, the JP reported.

He said the government would take measures against illegal coal mines, ensuring that only clean coal mines operated.

“Mine owners will have to abide by existing regulations and pay close attention to environmental health. There also will be production controls, not in terms of figures but in terms of quality,” he added.

Such production restrictions, Sudirman went on, would result in better environmental health and maintain the national coal supply.


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Recent News

Tuesday, 23 June 15
Q3 FOB INDONESIA COAL SWAP FALL $1.12 IN ONE MONTH
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and week over week, this past week. The Q3 swap was declined $ ...


Tuesday, 23 June 15
FOB RICHARDS BAY COAL SWAP HAS REMAINED STEADY OVER THE PAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 rose month over month and week over week. The Q3 swap was up US$ 2.32 ...


Monday, 22 June 15
BORYEONG POWER PLANT TO IMPORT 140K MT OF LCV COAL FOR AUGUST - SEPTEMBER 2015
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to purchase 140K Metric Tons (MT) of LCV coal for ...


Monday, 22 June 15
CFR SOUTH CHINA COAL SWAP: UP MONTH OVER MONTH; DOWN WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 0.30 (0.58%) per MT month over month. A commodity swap is a ...


Monday, 22 June 15
FOB NEWCASTLE COAL SWAP: UP WEEK OVER WEEK AND MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 0.54 per MT (1.19%) month over month to US$ 45.87 per mt. The swap was ...


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