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Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010


The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.

Bambang Setiawan, the director general of mineral resources, coal and geothermal mining at the Energy and Mineral Resources Ministry, told Antara the government had increased its investment target from $1.8 billion in 2009 due to the improving global economy.

He said investments this year would come from workholder contracts worth $1.2 billion, coal production contracts worth $860 million, mining concessions from state and regional enterprises   worth $43.53 million, and geothermal concessions worth $382.5 million. To read more The Jakarta Post



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Recent News

Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...


Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...


Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...


Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China * Firm bids in freight market * More shipments expected Colombian coal is starting to move ...


Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned  coal mining company,  is planning to build an additi ...


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