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Saturday, 05 February 11
INDONESIAN ENERGY MINISTER HAS SIGNED A DECREE FOR COAL TRANSPORTATION PERMITS ON FRIDAY


COALspot.com - Minister of Energy, Darwin Minister Saleh said, that, he had signed a decree for  transportation and sale of coal, which was the hot topic in Indonesian coal industry since early last month, as quoted by Investor Daily.

“I already signed the decree” minister said yesterday, Investor daily reported.

According to the minister, “ he was very cautioned to take a decision as any decision should not lead to any problem later date.

"We were not slow, but there should be a balance between speed and caution” he said. The  extra caution was necessary because this is the delegation of authority from the minister  to the director general.  Moreover, coal is a strategic commodity, so the decision which ever we take should not be disturbed the national interest” minister further said, according to media.

He further explained, "the part of authority to handle coal sector has already transferred to local government. Therefore, central government must take the necessary safeguard to secure national interest", as quoted by Investor Daily.

Previously, Indonesian Coal Mining Association (APBI) deplores,  if the minister will not issue the   mining permit production operations and sale soon, then it might affect coal sports. 

On 24th January 2011, APBI has sent a letter to Minister of Energy to issue the IUP OP K PP as soon as possible. ICMA also has notified that, around 60 - 70 vessels were arrested at coal loading ports around Indonesia  and losing around US$  20000-30000 dollars per day.  

Temporarily export restriction has cost around 3.5 million tons with around 227. 5 million dollars loses. If the export delay continues, then the coal which was piled for a longer period may catch fire itself.



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Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...


Monday, 07 February 11
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Sunday, 06 February 11
THE PANAMAX & SUPRAMAX FUTURES FOR 2011-2013 WAS AT AROUND US$ 16,500 & US$ 15,000 PER DAY RESPECTIVELY
COALspot.com - With the Chinese new year holidays this week, the market has been fairly quite as expected. The BDI saw a bigger drop compared to ...


Saturday, 05 February 11
ANCHORAGE LOADING POINT MOVED TO MUARA JAWA
COALspot.com - The Ministry of  Transportation Republic Indonesia has announced that, the loading point at Muara Berau, East kalimantan  h ...


Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...


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