THE recent ban on coal exports in Indonesia will cut the supply in the international coal market and lead to an increase in benchmark coal prices, research company CreditSights said. A complete export ban was unnecessary and 20 to 25 per cent of Indonesia’s total coal production would be adequate for the country’s needs, said […]
Read More[JAKARTA] Indonesia, the world’s biggest thermal coal exporter, has allowed 37 loaded coal vessels to depart after they secured approvals from authorities, the Coordinating Ministry of Maritime and Investment Affairs said on Thursday (Jan 13). In a statement, the ministry said an export ban implemented on Jan 1 had been eased for miners that had […]
Read MoreMANILA, Philippines — Energy Secretary Alfonso Cusi is urging Indonesia to lift its coal export ban, as the Philippines heavily sources its coal imports from the fellow Southeast Asian country. In a letter addressed to Indonesian Minister of Energy and Mineral Resources Arifin Tasrif, Cusi said Indonesia’s recent policy would be “detrimental to economies that […]
Read MoreINDONESIA’S tax amnesty in 2022 will likely boost state budget and spending on infrastructure projects, healthcare and education, UOB Kay Hian said. In a research note on Tuesday (Jan 11), analyst Stevanus Juanda expects this will benefit state-owned construction companies, as more money will be spent on infrastructure projects, which results in more contracts. He […]
Read More[MANILA] The Philippines’ energy secretary Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying the policy will be detrimental to economies heavily reliant on the fuel for power generation, Manila’s Department of Energy said on Monday (Jan 10). Indonesia, the world’s biggest thermal coal exporter suspended exports on Jan 1 after […]
Read More[JAKARTA] Indonesia’s state utility secured an extra 7.5 million tonnes of coal supplies on Tuesday, helping to avert power outages, boost stocks and increase the chances of the government lifting its export ban soon. Indonesia, the world’s top exporter of the coal used in power plants and China’s largest overseas supplier, on Saturday announced a […]
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