Britmindo News

Moodys: Indonesian coal producers pressured by weak coal prices

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 lament lengthier bureaucracy for export

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

Britmindo and Snowden Co-operation Announcement

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

Trade Ministry issues decree on coal to restrict exports

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.

ICMA opposes new royalty hike plan

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.

Coal output in first semester up 7.6%

Despite efforts by the government to limit production this year, the country’s coal output in the first half of this year increased by 7.6 percent to 213 million tons from 198 million tons

Coal reference price for July set at $72.45

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.

Indonesian thermal coal market sees wide bid-offer price gap

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

INTERVIEW-Indonesia coal companies

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

ASIA THERMAL COAL: Domestic price uncertainty deterring China im ...

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.