NUSA DUA Indonesia Reuters Indonesian coal miners said upcoming regulatory changes are putting added pressure on their businesses amid depressed prices and rising competition from other energy sources.
The Indonesian government is in the process of amending coal mining rules to enforce implementation of a 2009 mineral law that require miners to convert their mining permits to a licensing system upon the expiration of their current contracts.
The issue was one of the most talked about by local miners at the Coaltrans industry conference in Bali this week.
The coming change has already affected investment sentiment an Indonesian coal miners group said and there are fears the reluctance to invest could spread to related sectors such as power generation even amid a push to add 35 gigawatts to the countrys power capacity and boost infrastructure investment to prop up sluggish domestic spending.
This is a big concern for us because coal investment is not a short term investment said Hendra Sinadia executive director of the Indonesia Coal Mining Association on the sidelines of Coaltrans on the Indonesian island of Bali.
Famur longwall system for Indonesian coal mine Poland based Famur Group signed a contract on November 8 for delivery of a longwall system with the necessary equipment to coal producer PT Gerbang Daya Mandiri in Indonesia Famur will deliver a longwall system to PT Gerbang Daya Mandiri in Indonesia.
Jun 24 2020nbsp018332Fitch expects the state to provide clarity prior to the expiration of PT Arutmin Indonesias CCoW in November 2020 Arutmin is one of Indonesias largest coal mines Taxes and royalties from Indonesian coal miners that hold CCoWs form an important part of state revenue hence we do not expect significant changes to the total outflows to the state.
The ArgusCoalindo Indonesian Coal Index Report service delivers key physical market benchmarks for Indonesian coal trading The service features the Indonesian Coal Index ICI the leading coal price reference used by Indonesian coal buyers and sellers as well as the Indonesian government for spot trades tax calculations financial and investment analysis strategic reporting and.
Indonesia is poised to become a major player in the Pacific Rim thermal coal markets By the year 2000 Indonesia projects that it will supply approximately 25 percent of the Seaborne thermal coal requirements of the Pacific Rim countries The study examines the Indonesian coal mining industry and compares it to the U S coal mining industry.
May 19 2020nbsp018332Indonesian coal miners are struggling with slow demand this year as businesses in India one of the countrys major coal markets hit the brakes due to.
Webinar Indonesian Coal Miners Fitch Ratings is hosting a webinar on a recently published special report quotSpotlight Indonesian Coal Minersquot in which we test the sensitivity of EBITDA FFO and liquidity of various rated Indonesian coal miners under different coal price stress scenarios Please join Fitch Ratings as we assess EBITDA and FFO at different realisation stress levels and.
Address: Zhengzhou High-tech Industrial Development Zone, China