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Monday, 01 June 15
35,000 MW POWER PLANTS TO BOOST COAL CONSUMPTION - JP
Jakarta post logoThe government’s program to develop 35,000 megawatt (MW) power plants will increase domestic coal consumption, which currently stands at around 90 million tons per year, as quoted by the Jakarta Post.

“Indonesia’s coal production now stands at around 400 million tons per year. In the next five years, after the development of the 35,000 MW power plants is completed, Indonesia will need 200 million tons of coal per year,” said Energy and Mineral Resources Minister Sudirman Said, as quoted by Antara, during a media gathering at the ministry in Jakarta on Sunday.

With the increased demand for coal, he said, coal producers would prefer to sell to domestic markets instead of exporting, because of the lower risks.

“What we have to do now is to make the market healthier. The current sustained period of low coal prices is the right time for us to consolidate,” said Sudirman, the JP reported.

He said the government would take measures against illegal coal mines, ensuring that only clean coal mines operated.

“Mine owners will have to abide by existing regulations and pay close attention to environmental health. There also will be production controls, not in terms of figures but in terms of quality,” he added.

Such production restrictions, Sudirman went on, would result in better environmental health and maintain the national coal supply.


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Recent News

Tuesday, 21 April 15
SUB-BIT FOB INDONESIA COAL SWAP: GAINED W-O-W; DECLINED M-O-M
COALspot.com: Indonesian coal swap for delivery Q2 2015 gained week over week and declined month on month. The Q2 swap was declined US$ 1.75 ( ...


Tuesday, 21 April 15
FOB RICHARDS BAY COAL SWAP MOVE UP SLIGHTLY
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased slightly month over month. The Q2 swap has increased US$ 0.2 ...


Monday, 20 April 15
BUKIT ASAM TAKES OVER STAKE IN JV FROM RAJAWALI - JP
State-owned coal miner PT Bukit Asam (PTBA) announced Friday that it had taken over almost the entire stake in a joint venture (JV) that it created ...


Monday, 20 April 15
FOB NEWCASTLE COAL SWAP GAINED WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 3.54 per MT (-7.21%) month over month and gained US$ 0.30 week ...


Monday, 20 April 15
Q4' 2015 API 8 CFR SOUTH CHINA COAL SWAP CLOSED US$ 50.28 PMT
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 4.03 (-7.28%) per MT month over month and US$ 0.05  (-0 ...


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