Indonesia’s ban on nickel ore exports could boost the country’s earnings from the metal five-fold in the next five years through growth in industries such as stainless steel and battery materials, a minister said on Wednesday.
JAKARTA — As expected, Indonesia said on Monday it will stop nickel ore exports from Jan. 1, 2020, two years earlier than initially flagged as it speeds up efforts to process more of its resources at home.
The Energy and Mineral Resources Ministry decided this month to increase mining company Freeport Indonesia’s copper concentrate export quota to 700,000 wet metric tons (wmt), a more than threefold increase on the previous quota of 198,282 wmt.
State-owned electricity company PLN, through its second-tier subsidiary electricity producer Indo Raya Tenaga, is slated to ink an investment deal later this year for the construction of two additional power plants at its Suralaya coal-fired power station in Cilegon, Banten province.
“The evidence is abundant: global warming is indisputable,” defiant words spoken by BHP chief executive Andrew Mackenzie in a powerful speech delivered by one of the most influential figures in the mining industry, Mackenzie announced a $US400 million ($571.1 million) climate investment program to tackle what he described as an “existential” crisis.
The Asian Development Bank (ADB) has said it is staying away from coal-related projects in Indonesia and continues to open itself to gas and renewable energy investments, joining the wave of diversion by hundreds of financial institutions around the globe.
SNC Technologies announced the release MineLink Lite. MineLink Lite is a less expensive version of SNC Technologies’ popular MineLink fleet management system for tracking and managing the in-pit hauling fleet. MineLink Lite has many of the same features as the standard MineLink. The main differences are that the Lite version does not have the large 7” or 10” display screen that the standard version does. So there is no in-cab map display. Also, Lite does not have the option of automatic fleet management. In addition, Lite can run on a GSM, LTE, UFH, and VHF network, thereby greatly reducing network costs, which sometimes can exceed the fleet management cost.
SNC Technologies announced the release of Auto Traffic Management System or ATMS for mines. ATMS manages traffic at mining road intersections by automatically detect approaching trucks and switching on traffic signals to stop any cross traffic. The system avoids unnecessary stopping of trucks thereby saving time, and wear and tear on the trucks. With ATMS the traffic can be prioritized to give priority to certain traffic.
Indonesia’s coal reference price (HBA) for August is set at US$72.67 per ton, a slight increase from $71.92 per ton the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said, "The market is relatively the same as the previous month, no changes yet,"
Indonesia’s coal reference price (HBA) for August is set at US$72.67 per ton, a slight increase from $71.92 per ton the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said, "The market is relatively the same as the previous month, no changes yet,"
Chinese import restrictions on shipments have continued to drag thermal coal prices lower. Indonesia's Ministry of Energy and Mineral Resources set its August thermal coal reference price -- also known as Harga Batubara Acuan, or HBA -- at $72.67/mt, up 1% on month but down 32.6% on year.
