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Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING


Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.

PT Kadya Caraka Mulia, PT Kalimantan Energi Lestari and PT Senamas Energindo Mulia hold contracts of work (PKP2B) concessions but have yet to allocate money for reclamation activities. All of them are in production in South and East Kalimantan. The law requires miners to allocate money for reclamation.

“For those who are in the production stage, we may have to temporarily shut down their operations if they have not deposited their reclamation funds by the second quarter,” said Bambang Gatot Ariyono, the Energy Ministry’s director of coal and minerals.
Source: The Jakarta Globe



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Recent News

Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...


Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...


Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...


Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...


Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A  joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...


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