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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

Thursday, 16 April 15
INDIA: COAL IMPORTS RISE BY 33 PC TO 240 MT IN FY'15 - PTI
India’s coal imports in the just concluded FY 2015 increased by 33 per cent to about 240 million tonnes. “Coal import have gone up ...


Thursday, 16 April 15
CAPESIZE: THE SUPPLY AND DEMAND SIDE ARE NOW SUFFERING HEAVILY - FEARNLEYS
Handy It seems to be some standoff between owners and charterers in both hemispheres this week. Owners are raising their rates while charterers a ...


Thursday, 16 April 15
Q3 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 55.67 PMT
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month. The Q2 swap has declined US$ 1.90 (3.17%) m ...


Wednesday, 15 April 15
PORT OF NEWCASTLE SHIPPED 13.63 MMT OF COAL IN MARCH; UP 4.41% M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.227 billi ...


Tuesday, 14 April 15
COAL OUTPUT FALLS AS PRICES CONTINUE TO LAG - JP
Coal output dropped by 21 percent in the first three months of the year as low prices for the commodity forced mining companies to reduce activitie ...


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