Indonesia's Ministry of Energy and Mineral Resources set its February thermal coal reference price, also known as Harga Batubara Acuan or HBA, at 100.69/mt, up 20.8% year on year and 5.4% from January.
* China imported 27.81 mln T of coal in Jan
* Utilities’ daily coal consumption at record amid snowstorms
* Imports likely to stay high until March -analyst
Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world’s most important export regions. Coal traders and ship operators cited several reasons for the loading delays.
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The Adaro mine site located in South Kalimantan is Indonesia’s largest single coal mine by output. Adaro has a large number of contractors operating light vehicles, busses and a range of auxiliary equipment supporting the large work force with transportation in and around the vast site.
In December, PT MacMahon Indonesia and PT Agincourt Resources, went live with SatNetCom’s MineLink fleet management system at the Martabe Gold mine in western Sumatra. The project involved installing GPS and Wifi enabled MineLink Mobile touch screen computers on 22 dump trucks and 4 excavators.
A total of 16 concession areas (WKPs) for mineral and coal mining (Minerba), will be auctioned in 2018. Out of the 16 WKPs, 5 of them were former CoWs (KK) which contract have ended, while the rest are former mining areas of coal mining concession holders (PKP2Bs) and coal mining license permit holders (IUPs).
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.