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Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING


Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.

PT Kadya Caraka Mulia, PT Kalimantan Energi Lestari and PT Senamas Energindo Mulia hold contracts of work (PKP2B) concessions but have yet to allocate money for reclamation activities. All of them are in production in South and East Kalimantan. The law requires miners to allocate money for reclamation.

“For those who are in the production stage, we may have to temporarily shut down their operations if they have not deposited their reclamation funds by the second quarter,” said Bambang Gatot Ariyono, the Energy Ministry’s director of coal and minerals.
Source: The Jakarta Globe



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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...


Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...


Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
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Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...


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Although the company’s revenues dipped in the December quarter, its long-term story is intact. Lower power generation and realisations saw ...


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