Indonesia requires coal miners to sell 25% of their production locally at a maximum price of $70 per tonne for power plants. Meanwhile, a government-set benchmark export price COAL-HBA-ID has ...Web
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Coal production in Indonesia is estimated to reach 545 Mt in 2021, up 3% from the previous year reflecting increased domestic and export demand. In August 2020 Indonesia's energy and mineral resources ministry issued a target of 609 Mt of coal production for 2021, updated at a more realistic 550 Mt in December 2020.Web
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Our portfolio of Indonesian coal producers generally enjoys high headroom at their current ratings, amid strong earnings forecasts into 2023. Our assumption remains that their capex for organic growth will remain low, but recent developments will encourage more to consider investments to diversify away from thermal coal, which could have an ...Web
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Indonesia is one of the world's top coal producers, and is heavily reliant on the fuel for power generation. It has even mooted designating as "green" coal-powered plants that power EV industry ...Web
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Coal sector analysts have been busy in recent months mapping the negative impact of low coal prices from the COVID-19 pandemic on Indonesian coal companies' cash flow and government royalties. Our first report concluded that Indonesia's 11 listed coal producers face an onerous challenge in the pandemic-induced operating …Web
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Coal producers. In 2022, Indonesia's coal production reached over 687 million metric tons, showing an increase in comparison to the previous year. Experiencing a significant increase in the same ...Web
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The Indonesian government requested thermal coal miners to supply 161.15 million mt to the country's power producers in 2023, a stark jump from the demand projected for this year, which will likely keep supplies tight, according to a letter to miners seen by S&P Global Commodity Insights Nov. 7.Web
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In 2022, Indonesian coal exports to Europe reached 4 to 5 million tons--far and away its largest export year to that continent in history (which typically only averaged 500,000 tons). The world is ...Web
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Leading Position; Manageable Asset Concentration: AEI is one of the largest coal producers in Indonesia, and the third-largest seaborne coal exporter globally. AI accounts for about 80% of AEI's coal production, but we think the potential risk of business disruption from AEI's asset concentration is manageable. AI's main pit, Tutupan, covers a ...Web
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The benchmark grade of Indonesian thermal coal - with a calorific value of 4,200 kilocalories per kilogram (kcal/g) - has averaged around $65 a ton so far in 2023, according to LSEG. Indonesia vs ...Web
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India was the second largest buyer of Indonesian coal, grabbing a roughly 20% share of the total (82 million tons). The Philippines was the third largest market with a 7.2% share (30 million tons). ... But for power producers who remain primarily focused on generating as much power as possible at the lowest possible price, Indonesian coal will ...Web
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Reading Time: 1 min read. Indonesia is the world's largest seaborne exporter of coal, accounting for 33.6% of the global seaborne coal market in 1H 2023. Export volumes from Indonesia were relatively depressed during 2020 and 2021, due to disruption from Covid-19 and from government policies favouring domestic consumption, but bounced back to ...Web
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There are more than 3032 coal mines in operation globally, of which 127 are in Indonesia, according to GlobalData's mines and projects database. The following are the five largest coal mines by production in Indonesia in 2022, according to GlobalData's mining database, which tracks more than 33,000 mines and projects from early …Web
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Indonesia's coal export destination Source: APBI • Indonesia is one of the world's largest coal exporters. In 2019, Indonesia's coal export reached 454 MT with a value of US$21.5 billion. Coal export has increased for 4th consecutive years in 2019. • China and India are Indonesia's two major coal export destination countries.Web
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Indonesia requires 127.1 million mt of thermal coal supply from the producers for the domestic market in 2022 in order to fulfill local energy needs and avert a shortfall seen in December 2021, the en. ... The price of Indonesian 4,200 kcal/kg GAR coal touched a record high of $158/mt FOB Oct. 19 before easing, according to Platts …Web
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Published Dec 11, 2023. + Follow. Petromindo presented the 2024 Indonesia Coal Outlook Conference from the 5-6th December 2023, with about 275 attending the Jakarta event. Most of the ...Web
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Coal producers. In 2022, Indonesia's coal production reached over 687 million metric tons, showing an increase in comparison to the previous year. Experiencing a significant increase in the same ...Web
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Indonesia's Ministry of Energy and Resources (ESDM) has introduced significant changes to the guidelines for determining the benchmark price applicable for Indonesian coal producers. The Harga ...Web
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On the back of prevailing global demand-supply dynamics amid the Russia-Ukraine war, Indonesian miners expect coal prices to stay above that of 2021 throughout 2022. The Indonesian 4,200 kcal/kg GAR price averaged $67.99/mt FOB in 2021, according to data by S&P Global. As of May 19, the grade's average 2022 price was …Web
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INDONESIAN coal producers will expand their exports in response to overseas buyers who are increasingly shifting their purchases to Indonesia from Russia. But the producers said they will first ensure local power companies get adequate coal supply. The Indonesian Coal Mining Association (APBI) said it is working with government to …Web
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Unearthing Indonesia's 10 biggest coal oligarchs. Indonesia's 10 biggest coal oligarchs M. Nauval Firdaus & Zulfikar Arief/Project Multatuli. By. Project Multatuli. 23 February 2022 at 7:54 (Updated on 25 February 2022 at 13:55) The coal business has been booming since the early 1990s. Indonesia's coal production rose from a mere 13 ...Web
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For 2022 as a whole, total Indonesian thermal coal exports hit 448.5 million tonnes, a record sum that was 56 million tonnes (14.4%) larger than 2021's total, ship tracking data from Kpler shows.Web
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The coal price reference in Indonesia was established to fulfil the requirement of mining Law 04/2009 and ministerial decree 7/2010. In addition to that, it aims to increase government revenue from royalties from coal producers. The declared Indonesia thermal coal reference price (or called HBA) for September 2020 was the …Web
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PT umi Resources is Indonesia's largest mining company and coal producer and had an output of 89.4 million short tons in 2020.18 PT Adaro is the second-largest mining company and coal producer, producing almost 59 million short tons of coal in 2020.19 PT Kaltim Prima Coal (KPC), a subsidiary of PTWeb
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Indonesia's coal output so far this year stands at 689.37 million tons, while exports are at 350.05 million tons, according to mining ministry data. Coal output for 2022 was 687 million tons and ...Web
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Indonesian Coal Producers to Declare Force Majeure Amid Ban on Exports in January By Pritish Raj, Rituparna Nath, Suyash Pande and Anita Nugraha February 3, 2022 - Coal miners in Indonesia are likely to declare force majeure after the government banned exports in January to increase domestic supply as power plants …Web
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PT Indo Tambangraya Megah Tbk PT Bukit Asam Tbk PT Bayan Resources Tbk BlackGold Group Golden Energy and Resources Limited PT Bhakti Energi Persada Adani Group …Web
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In November 2022, U.S. President Joe Biden, Indonesian President Joko Widodo and other world leaders announced an initial $20 billion deal to help Indonesia get off coal power. About 60% of the ...Web
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Sangatta Mine in East Kalimantan, Indonesia, was the largest coal-producing mine in the Asia-Pacific, producing approximately 51.4 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021 and an estimated 49.2 million tonnes of Coal in 2021. The Sangatta Mine is owned by PT Bumi Resources Tbk. The second largest coal-producing mine with …Web
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Coal burning is thought to be responsible for more than 0.3° Celsius of the 1°C (0.5° Fahrenheit out of 1.8°F) increase in global average temperatures since pre-industrial levels. This makes ...Web
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Previously, coal producers were subject to a nontax obligation called the coal production result fund (DHPB), which imposed coal royalties at a fixed rate of 13.5 percent, regardless of coal ...Web
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We expect prices to subsequently align with our earlier long-term assumptions on continual coal substitution in the energy mix. The report, "Earnings Roundup 1Q22: Indonesia Coal", is accessible at or by clicking the link above. Contact: Shubha Sethi. Director. +65 6796 7245. Fitch Ratings Singapore Pte …Web
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Indonesia requires coal miners to sell 25% of their production locally at a maximum price of $70 per tonne for power plants. Meanwhile, a government-set benchmark export price has soared since the ...Web
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Coal-fired power makes up more than 50% of Indonesia's energy supply and the government last year set a more ambitious target to cut emissions 31.89% on its own, or 43.2% with international ...Web
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Indonesia had 42.8 billion short tons of recoverable coal at the end of 2020, located primarily in South Sumatra, East Kalimantan, and South Kalimantan. 34 The Ministry of Energy and Mineral Resources expects reserves to increase as a result of the amendment of Law No. 4, which requires producers to submit the details of their …Web
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Former presidential candidates Aburizal Bakrie and Prabowo Subianto have significant stakes in coal, as do numerous members of parliament and even ministers in President Joko "Jokowi" Widodo's …Web
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An Indonesia-based producer who majorly mines mid-CV coal said that the current situation is particularly challenging for small producers in the South Kalimantan area, bearing a significantly high stripping ratio. The stripping ratio refers to the amount of waste material, or overburden, that needs to be removed to extract a given amount of coal.Web
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Rundown. Day One : Monday, December 13, 2021. 08.30 – 09.00. Registration and Coffee Morning. Session 1 : Moderator, Mr. Sri Rahardjo, Director of Coal Business Development (Period 2015-2018) 09.00 – 09.20. Opening Speech: Why coal to remain competitive energy source in Indonesia and the government policy to ensure …Web
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