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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%


Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the government’s 230 million ton target, according to figures released by the Energy Ministry on Thursday.

About 78 percent of the coal was exported to buyers in Japan, China, India, Australia and Africa with the rest used domestically, said Bambang Gatot Ariyono, the Energy Ministry’s director of coal and minerals.

This year, Indonesia is forecast to produce 280 million tons of coal with 75 million tons allocated for domestic use, he said.

Bambang Setiawan, director general of coal, minerals and geothermal energy, said coal exports in 2009 were worth $14.85 billion.

Mining sector investment stood at $1.81 billion in 2009, a 9.5 percent increase from 2008. This year investment is forecast to jump to $2.5 billion. To read more  The Jakart globe



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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...


Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...


Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...


Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...


Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...


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