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Friday, 08 April 16
MINISTER OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO ISSUE REGULATION TO GUARANTEE THE COAL SUPPLY TO ITS 35K POWER PLANT PROJECTS
Coal ExcavatorCOALspot.com: In order to guarantee the supply of coal for 35,000 megawatt (mw) coal based power plants ( still in planning stage), the Minister of Energy and Mineral Resources (ESDM) of Indonesia Mr. Sudirman Said, he will soon issue a Ministerial Regulation to set a benchmark price of coal to be used in domestic market particularly for power plants to be built.

According to a local media, the decline of the coal price in the last 4 years pushed many coal mining companies to bankrupt or dormant status. The current coal prices are not in line with increase of cost of production in recent months.

Indonesian coal miners were also almost reduced or stopped exploration activities last few years. Coal reserves are discovered through exploration activities. If there is no exploration means there are no new discoveries of new coal reserves.

Due to closure of un-economical coal mines recent months has already affected coal outputs in Indonesia. The government is assuming that, if the current price trend continues, then coal output will continually decline and the short of coal supply will threat its planned 35,000 MW power plants.

The media further reported, "In the near future the Minister will issue a regulation to regulate the minimum selling price or margin of coal to planned power plants as well as the existing plants to encourage coal miners back to pit with Truck and Shovels.


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Friday, 15 April 16
U.S WEEKLY COAL OUTPUT FALLS ACROSS ALL BASINS - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.2 million short tons (mm ...


Thursday, 14 April 16
AUSTRALIAN MINING SERVICES SECTOR SQUEEZED BY MINERS' COST CUTS - FITCH RATINGS
Fitch Ratings says mining services companies' revenues and margins will remain under pressure as miners continue to focus on reducing costs ami ...


Thursday, 14 April 16
DRY BULKERS' PRICES COULD BE HEADING UPWARDS AS BUYERS' APPETITE INCREASES - HELLENIC SHIPPING NEWS
Investment sentiment is beginning to trend upwards in the market for second hand dry bulk carriers. According to the latest weekly report from ship ...


Wednesday, 13 April 16
U.S COAL PRODUCTION IS EXPECTED TO DECREASE BY 16 PER CENT IN 2016; THE LARGEST ANNUAL PERCENTAGE DECLINE SINCE 1958 - EIA
EIA estimates that U.S. coal production in March 2016 was 52 million short tons (MMst), a 2 MMst (4%) decrease from the previous month and 29 MMst ...


Tuesday, 12 April 16
INDONESIA COAL BENCHMARK PRICE INCREASES FOR SECOND STRAIGHT MONTH
COALspot.com: The Indonesia Coal Benchmark Price Increases For Second Straight Month in April 2016. The Director General of Mine ...


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