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Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four million tons compared to the same period of last year.
Total national coal sales either in domestic market or export in the first semester of 2009 reached 130 million tons.
Chirman of Indonesian Coal Producer Association Bob Kamandanu said the global economic downturn has caused coal demand to fall.
"During the crisis, consumers have the rights to cut purchase by one percent. On the contrary, they can take the coal as much as it is mentioned in the contract during normal times," said Kamandanu on Wednesday, August 19.
Today, nonetheless, domestic coal use has grown by five million tons. He was optimistic that export and domestic sales by the end of the year may touch 260 million tons.
Source: Viva News (Translated by: Bonardo Maulana Wahono ( Viva News))
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Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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