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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

Sunday, 21 June 15
SPOT RATE AVERAGES FOR FREIGHT FROM INDONESIA TO INDIA REMAIN STRONG THIS WEEK
COALspot.com: The freight market was quite firm this week compared to last week. The BDI was up 21% week on week and closed at 779 points. The cape ...


Friday, 19 June 15
U.S. WEEKLY COAL PRODUCTION UP SLIGHTLY COMPARED TO LAST WEEK; CONTINUES TO BE DOWN FROM LAST YEAR
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.4 million short ...


Friday, 19 June 15
INDONESIA'S COAL-TRAFFICKING PROBLEM REQUIRES IMPARTIAL INQUIRY - JAKARTA GLOBE
Indonesia, the leading supplier to the seaborne thermal coal market, produces 420 million tons of coal per year, according to its official tally. ...


Thursday, 18 June 15
DRY BULK SHIPPING: LOWEST FLEET GROWTH IN 10 YEARS MAY NOT PROVE ENOUGH AS DEMAND IS NOT KEEPING PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The demand side of things in the dry bulk market seems unable to keep pace with even the slightest fleet growth, a sign of the demise that the indu ...


Thursday, 18 June 15
THE FAR EAST HANDYSIZE, HANDYMAX, SUPRAMAX MARKET REMAINED STEADY LAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market closed off on Friday (last week) noting small gains on the back of stronger performance in the Panamax segment, w ...


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