Indonesias Ministry of Energy and Mineral Resources set its August thermal coal reference price, also known as Harga Batubara Acuan, at $59.14/mt FOB, the lowest ever since its inception in January 2
Thermal coal output cuts in Indonesia in 2015 may not lend much support to prices amid muted Chinese demand that cannot be outweighed by interest in emerging markets, market sources said Tuesday.
Indonesian high-grade thermal coal sold on term contract is still commanding a premium in Japan to Australian supply, even as more Japanese buyers tap the spot market for lower prices.
PT Danmar Explorindo, PT Geo Search, and the Britmindo Group and have decided to combine their resources and expertise to provide the Indonesian coal and mineral industry with a complete range of serv
The Ministry of Energy and Mineral Resources (MEMR) said it has granted the so-called C&C status for another group of 168 miners holding the IUP mining business license, both coal and mineral.
The government set its coal reference price (HBA) for July 2015 at US$59.16 per ton FOB, lower than $59.59 per ton set in June.
The Ministry of Energy and Mineral Resources is pressing ahead with plans to increase the coal royalty tariff despite strong protest from miners, Bisnis Indonesia reported on Tuesday.
Following the untimely passing of the Britmindo Company Founder, Mr Alan Nye, the Britmindo Group has undergone a restructure of the Technical Services Division.
The Indonesian government plans to levy a new tax on thermal coal exports from next month, a move that will hit miners already grappling with weak prices hard, sources said.
The government set its coal reference price (HBA) for June 2015 at US$59.59 per ton FOB, lower than $61.08 per ton set in May.