Publicly listed coal miner PT Bumi Resources has set a target to increase its consolidated gross revenue, which includes revenue from a number of its mining subsidiaries, by 10.93 percent to 12.13 percent this year as part of its plan to export more coal to Japan.
BHP has confirmed it will leave the World Coal Association (WCA) because of differing views on how climate change concerns can be managed. The miner announced it would end its WCA membership following a review, which found that there would be little benefit for it to stay with the London-based organisation. BHP made a preliminary decision to leave the WCA last December.
PT Aneka Tambang (Antam) once again received a recommendation for extending the export of low grade mineral minerals until 2019.
Despite Indonesian President Joko Widodo having signed a regulation that will lead to a relatively cheap coal price for domestically-sold coal under the domestic market obligation, shares of Indonesian coal miner Adaro Energy rose 1.39 percent to IDR 2,190 a piece on Thursday (08/03).
Indonesia President Joko Widodo has instructed his administration to complete negotiations over the purchase of a majority stake in Freeport-McMoRan Inc’s local unit by the end of April, a cabinet minister said late on Monday.
Indonesian coal mining interests have lobbied the government to consult widely before agreeing to state power monopoly PLN’s demands for lower prices for domestically mined coal. However, PLN wants the government to impose a domestic market obligation (DMO) rate of US$65 per tonne for coal for its TPPs.