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Record-high coal prices have helped Indonesian miners post strong results in the first half of the year, giving rise to market optimism as economies around the world begin to reopen.

The Reference Coal Price (HBA) rose again to reach USD 161.63 per ton in October 2021. This increase was due to the increasing demand for coal from China for power generation purposes.

Record-high coal prices have helped Indonesian miners post strong results in the first half of the year, giving rise to market optimism as economies around the world begin to reopen following the easing of COVID-19 restrictions.

Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) said that downstreaming the nickel, bauxite, copper, gold, and crude palm oil (CPO) industries will be a major strategy for the Indonesian economy going forward.

Coal prices continue to strengthen. This can be seen from the Reference Coal Price (HBA) in September 2021 which reached USD150.03 per Ton.

Gold and copper mining giant PT Freeport Indonesia (PTFI) has entered a five-year, US$1 billion, unsecured credit facility to develop two metal smelters in Gresik, East Jav.

Gold and copper mining giant PT Freeport Indonesia (PTFI) has signed a US$3 billion contract to develop a copper smelter in Gresik, East Java, ending a year-long uncertainty over the miner’s downstreaming plans.

An energy researcher and a coal association chair have predicted that the country’s coal exports will start to decline in the 2030s, largely because the

The Ministry of Energy and Mineral Resources (ESDM) has decided to impose sanctions in the form of a ban on coal sales abroad to 34 coal companies.