Britmindo Update – CoVid19
The Britmindo Group wishes to advise we are continuing to support our existing clients and project sites during this uncertain period during the COVID-19 pandemic. We are committed to following the government advice as well as the WHO protocols to minimise exposure to our staff, their families, as well to our potential and existing clients. […]
ICI 4 coal derivatives prices strengthen
The ICI 4 thermal coal derivatives market showed further signs of strengthening, with a 15,000t March contract trading at a higher price to a similar transaction done earlier this week. Todays trade was finalised at $38.55/t, brokered by Singapore-based Evolution. This was up from a 19 February trade, when a 10,000t March contract traded at […]
Government sets higher 2019 coal DMO volume target
The Ministry of Energy and Mineral Resources has set coal domestic market obligation (DMO) volume for this year at 128 million tons, higher than last year’s realized DMO volume of 115.09 million tons. News portal kontan.co.id quoted ministry Spokesman Agung Pribadi as saying Wednesday that the higher 2019 coal DMO volume was in line with […]
Government to increase royalty of major coal miners
The government plans to increase the royalty tariff of major coal miners in the country in a bid to increase state revenue, Bisnis Indonesia reported on Wednesday. The paper said that the coal royalty rate of the coal miners holding the coal contract of work (or PKP2B) will be increased from the current 13.5 percent […]
Viewpoint: Indonesian coal sellers plan amid volatility
Regulatory obstacles in Indonesia could hamper coal production in 2019 and uncertainty about Chinas import policy could also curb exports, even though a number of producers have announced tentative plans to raise output in the coming year. A period of high prices that began in 2016 and lasted throughout much of 2018 on strong demand […]
Ministry approves coal DMO quota transfer proposals
The Ministry of Energy and Mineral Resources has approved proposals from some coal miners to sell part of their coal production to other miners via so-called coal DMO quota transfer mechanism to help the latter group fulfill their coal domestic market obligation (DMO) quotas. Sri Rahardjo, Director for Coal Management and Development at the Ministry […]
Ministry approves additional coal output of 21.9m tons
The Ministry of Energy and Mineral Resources has approved request made by coal miners for additional coal output of 21.9 million tons this year, much lower than the government’s target of 100 million tons of additional output. Ministry Spokesman Agung Pribadi said on Wednesday that the additional coal production will be entirely dedicated for the […]
Britmindo Group article published in the South China Morning Post
When Alan Nye passed the management of Britmindo on to his sons David and Stephen, he handed over a legacy of an honest and professional mining consultancy service. Today, the group continues to help improve Indonesia’s mining sector by maintaining top-class expertise across the whole coal mining value chain. We provide a holistic perspective on […]
Chinas changing policies may weigh on seaborne thermal coal price …
Shifting government policies in China may disrupt international coal markets, likely putting downward pressure on prices in the next few months, ANZ analysts said Friday. China has continued to cool domestic prices by encouraging producers to boost output, the analysts said. The countrys coal production in the first six months of the year rose 5% […]