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Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE


Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, a document from the energy and mines ministry showed on Wednesday.

The document, seen by Reuters, said the government will set a minimum percentage for domestic sales of coal and mineral each year.

This percentage will be calculated based on total domestic consumption of coal or minerals, divided by the total production of coal or minerals.

Coal and metal miners can export their products as long as they are able to meet the minimum percentage of coal or mineral sales to the domestic market, according to the document. To read more Reuters



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Recent News

Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...


Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...


Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...


Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...


Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...


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