Explainer: How Indonesia, the world's top thermal coal
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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Indonesia raises coal royalty rates to boost revenue
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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The five largest coal mines in Indonesia
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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Indonesian coal miners tighten belt on unfriendly prices and …
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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Indonesia's Batang power plant could generate $80 million a …
A power plant in Indonesia's Central Java province could generate revenue of $80 million per month for the consortium that will build and operate it, the CEO of Indonesian coal producer PT Adaro ...Web
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Country Analysis Background: Indonesia
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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Despite billions to get off coal, why is Indonesia still building new
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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Fitch Affirms Adaro Indonesia at 'BBB-'; Outlook Stable
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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Coal production in Indonesia and major projects
Leading producers of coal in Indonesia are PT Bumi Resources, PT Adaro Energy and PT Bayan Resources. During 2020-2021, PT Bumi Resources 's output was …Web
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Record Coal Prices Boost Earnings at Indonesian Coal Companies
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 Coal Companies
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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Indonesia launches a new formula for the HBA coal reference
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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INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 …
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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Coal Zoom | Indonesian Coal Producers to Declare Force Majeure …
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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Outlook for Investment Opportunities in Indonesian Mining …
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 boosts coal exports as buyers seek alternatives to Russia
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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Soaring Coal Prices Fuel Shares Of Indonesian Coal Company
T he share price of Jakarta-listed coal company Prima Andalan Mandiri more than doubled in the past year to 7,125 rupiah on Wednesday, making Eddy Sugianto, 76, Indonesia's newest billionaire ...Web
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Indonesia fires thermal coal exports to new highs | CTRM Center
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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Indonesia: coal production 2022 | Statista
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 needs 127.1 mil mt coal for domestic market in 2022: …
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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Beware Indonesia's coal export heft in 2023 | Reuters
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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Indonesia sees record coal exports of more than 500 mln
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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Coal miners group expects Indonesia's 2023 coal output to …
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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Indonesia Coal Mining Market by Reserves and …
Indonesia is the world's third-largest coal producer. The Indonesia Coal Mining market research report comprehensively covers Indonesia's reserves of coal, historical and forecast trends in the …Web
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Indonesian coal at the mercy of the dragon and tiger | IEEFA
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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Supply – Coal 2020 – Analysis
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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Indonesian coal prices stare at downtrend amid lack of China …
Some Indonesian producers, however, believe that the market may see muted activity but there was limited room for coal prices to fall due to the prevailing tight supply. Logistical bottlenecks such as unavailability of vessels and barges, concerns about delay in coal discharge at state-owned power company PT Perusahaan Listrik Negara, …Web
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Indonesian coal market | The Coal Hub
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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Overview
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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