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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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Recent News

Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...


Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...


Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants The bo ...


Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...


Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal. “We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...


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