Singapore, August 04, 2014 -- Moodys Investors Service says that depressed coal prices will pressure Indonesian miners credit quality over the next 12-18 months
Coal miners in the country complained that a new Minister of Trade regulation requiring them to obtain registered exporter status from the ministry to be allowed to make export
Australian mining consulting firm Snowden and Indonesian mining services firm PT Britmindo have signed an MoU, leading to a cooperation agreement to provide various mining services for clients
The Ministry of Trade announced on Thursday the issuance of a decree obliging coal exporters to register themselves with the directorate general of foreign trade at the ministry.
The Indonesian Coal Mining Association (ICMA) has opposed the new coal royalty hike plan as it would “kill” many miners amid the current industry downturn.
Despite efforts by the government to limit production this year, the countryâ€™s coal output in the first half of this year increased by 7.6 percent to 213 million tons from 198 million tons
The government announced its coal reference price (HBA) for July 2014 at US$72.45 per ton FOB vessel, lower compared to $73.64 per ton in June 2014.
Negative sentiment over large Chinese coal producer Shenhuas decision to cut its domestic coal prices mid-week permeated the Indonesian thermal coal market Friday leaving a wide bid-offer price gap
JAKARTA, June 18 (Reuters) - Plunging thermal coal prices will force some small and low-margin producers in Indonesia out of business before year-end, an industry group said, cutting output capacity
Uncertainty over the scale of widely-expected price cuts by Chinese coal producers for July domestic cargoes has cast a cloud over the South China market for imported thermal coal.