Indonesian coal exports are likely to rise in 2017, driven by strong Asia-Pacific demand, and could increase further in 2018 as mining firms look to boost production. But much will depend on possible Chinese policy changes that could shape demand in the coming year.
A lump of coal is scooped onto a truck bed in Australia, driven to a port, loaded on a ship, piloted across the ocean to a dock in China, piled into a train car and delivered to a power plant. And it would all happen under the watchful eyes of coal traders, if a fleet of new satellite tracking firms can deliver on ambitious promises.
The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) has said that the country's oil and gas lifting, the colloquial term for ready-to-sell production, will meet 99 percent of its total target this year.
The government will finalize its negotiations with the local unit of US-based Freeport-McMoRan in Indonesia over the massive Grasberg copper and gold mine in Papua by June, an official at the Ministry of Energy and Mineral Resources said on Thursday (11/01).
This year's projection of 485m tons of coal is a wide deviation from the country's target to reign in coal production to preserve resources and mitigate climate change. Indonesia’s medium-term development plan (RPJMN) for 2015-2019 dictates that the country produces only 406 million tons of coal.
The Government through the Ministry of Energy and Mineral Resources (ESDM) often claims that downstream policy is one of the successes of work in President Joko Widodo (Jokowi)-Vice President Jusuf Kalla (JK) administration.
Publicly listed coal miner PT Toba Bara Sejahtra has announced plans to issue medium-term notes (MTN) worth US$250 million in order to refinance its debts and further expand its businesses.
The growing number of electric cars in the country has fueled battery storage use and is projected to boost coal demand in the near future. A few number of countries, including Indonesia and Thailand, are currently developing energy storage technologies to support the use of electric cars.