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8 rowsThe Indonesian coal industry is rather fragmented with only a few big producers and many small players that own coal mines and coal mine concessions (mainly in Sumatra and Kalimantan). Since the early …
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Indonesia's coal production hit a record high of 775.2 million mt in 2023, exceeding the target of 694 million mt set earlier by the government, according to MINERBA One Data (MODI) made public Jan. 19, amid an increase in demand for global seaborne coal. ... In 2024, "We are expecting that Indonesian miners will jointly produce at least …
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Fitch Ratings-Singapore-10 August 2023: The credit profiles of Indonesian coal miners and contractors will remain adequate for their rating levels, even as coal prices are expected to moderate in 2H23, Fitch Ratings says. Liquidity for the sector's rated entities remains robust on strong cash balances, stable coal operations with resilient ...
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JAKARTA, Indonesia (AP) — Ten miners died in a coal mine explosion in Indonesia's West Sumatra province on Friday and four others were rescued, officials said. "The last victim was found after a search in a 240-meter (800-foot) -long tunnel. Most of the victims suffered burns. All of the survivors experienced shortness of breath and were ...
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Currently, the Indonesian miners are spending around $40/mt to produce 3,400 kg/kcal coal in the interior parts of the country, two traders based in Indonesia said, adding that the cost can rise up to $50-$55/mt for the production of 4,200 kg/kcal.
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As the largest state-owned coal mining company in Indonesia, Bukit Asam plays a vital role in securing the nation's domestic coal supply. With a production …
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PT Adaro Indonesia (AI) runs coal mining operations in South Kalimantan and Central Kalimantan, Indonesia. AI has a Special Mining Business License for the Continuation of Contract/Agreement Operation (IUPK …
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Indonesian coal miners have a pre-set domestic market obligation that mandates them to sell at least 25% of their production within the country. Failure to do so attracts heavy penalty and may also lead to cancellation of license. But most miners are more inclined towards exporting coal as they are bound to sell the fuel domestically at a ...
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The phenomenon of soaring coal prices, however, is an anomaly. According to Juan Harahap, an analyst at Mirae Asset Sekuritas Indonesia, the price of coal should have been declining after the ...
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Indonesian coal miners want a quick resolution to a government coal export ban that has caused fuel prices to rise and could disrupt the energy supplies of some of the world's biggest economies.
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According to GlobalData, Indonesia is the world's third-largest producer of coal in 2023, with output up by 5% on 2022. Over the five years to 2022, production from …
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After recovering in 2021, the demand for Indonesian coal had been expected to rise due to the Russia-Ukraine conflict and the ban on Russian fossil fuels. As of 2022, the increase of Indonesia's ...
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Indonesia's Coal Industry. Mining Business License (IUP): is a requirement for extractive activities for a specific mineral in a certain area, with the possibility of obtaining priority if other minerals are found, requiring a new license application. Special Mining Business License (IUPK): is a permit for extraction in specific mining areas granted by …
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Coal barges are pictured as they queue to be pulled along Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. Picture taken August 31, 2019.
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The FTB Project, owned by Bayan Resources, is a surface mine located in East Kalimantan. The mine produced an estimated 24.4 MTPA of coal in 2020. The mine will operate until 2055. 5. Indominco-Mandiri Mine. Owned by Banpu, the Indominco-Mandiri Mine is a surface mine located in East Kalimantan. It produced an estimated 12.808 …
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PT Bukit Asam (PTBA) has maintained its optimism about the future of its coal business, despite the growing restrictions on coal consumption by several developed countries, including China.Setiadi, Senior Vice President of the Project Management Office at PTBA, indicated that the company sees significant potential in emerging markets, particularly in …
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On 28 July 2024 Muhammadiyah, Indonesia's second largest Islamic organisation, officially announced that it would accept an offer of mining concessions from President Joko Widodo's government. This followed the decision of the nation's largest Islamic organisation, Nahdlatul Ulama (NU), which accepted their concession a month …
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Along with the increase in production, ADRO recorded coal production sales reaching 49.12 million tons. Referring to Minerba One Data Indonesia (MODI), the Indonesian government targets coal production at 694.5 million tons. To date, coal production has reached 635.57 million tons or the equivalent of 91.51% of the target.
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Indonesia's largest banks channeled a combined $3.5 billion of direct loans to the coal industry from 2015 to 2021, despite pledging to implement sustainable financial practices.
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Indonesian coal miners are facing the prospect of losing their jobs as the country embraces clean energy, necessitating the early shutdown of coal mines. According to a recent report from the Global Energy Monitor, it is estimated that approximately 30,000 workers in the coal industry in Indonesia could potentially be laid off from 2020 to 2040
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Founded in 20th September 1989 as to response to the challenges of coal mining industry in Idonesia. The APBI-ICMA is a non government, nonprofit and non political organization that embraces both upstream (exploration and exploitation) and downstream (marketing the distribution, utilization and mining services) aspects of coal industry in Indonesia.
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An Indonesia-based producer said the approved quota is the maximum production if all miners operate at full capacity, but most of the miners usually meet …
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Also read: Indonesia's Coal Industry: Outlook and Potential. PT Adaro Energy. PT Adaro Energy secures its position as the third-largest coal mining company in Indonesia. The Thohir and Soeryadjaya families control it, with a market capitalization of over IDR 70 trillion. Adaro Energy operates coal mines in South Kalimantan and Central …
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INDONESIA MINER hosts a premier conference that combines Metals, Coal and Other minerals, including EV Battery Industry discussion. With digital media news centred on Minerals and Coal project updates and operational technology and Intelligent Directory our platform will create influential content that engages audiences and …
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Indonesia saw domestic consumption fall 14 million tons short of projections, and the benchmark export coal price drop to a five-year low, leading to miners cutting 50 million tons of capacity ...
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INDONESIA MINER hosts a premier conference that combines Metals, Coal and Other minerals, including EV Battery Industry discussion. With digital media news centred on Minerals and Coal project updates and operational technology and Intelligent Directory our platform will create influential content that engages audiences and …
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miners to coal-price falls. Adaro has the most resilient FFO among rated Indonesian coal companies – given its competitive mining business and stable service businesses, while Bayan generates the highest EBITDA/tonne (t) (coal-mining segment only), reflecting its best cost position among Fitch rated Indonesian coal miners. This is
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Sangatta Mine in East Kalimantan, was the largest coal-producing mine in Indonesia, producing approximately 49.2 million tonnes of coal and an estimated 51.4 million metric …
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Here are the five largest coal mines by production in Indonesia, according to GlobalData's mining database. 1. Sangatta Mine. The Sangatta Mine is a surface mine …
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An Indonesia-based producer said the approved quota is the maximum production if all miners operate at full capacity, but most of the miners usually meet 80% of the RKAB quota. The ministry said out of the total 883 RKAB proposals, 587 mining companies received approvals, while 121 applications were rejected due to technical …
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