Reuters citing, an official at the ministry as saying that Indonesia’s Energy and Mineral Resources Ministry plans to revise rules on mining rights held by miners under Coal Contract of Work (CCOW). Under proposed changes, miners can apply for extensions to mining rights between five years and one year before contracts expire. Existing rules only […]

Coal production has already hit 48.5 million tonnes or 9% of national production in 2018. Indonesia is expecting the upward trend of coal prices to continue until the end of the year on the back of increased global demand for the commodity, Antara News reports. According to Rendra Prasetya Kiswono of the Coordination Function Analysis […]

State-owned energy holding company Pertamina and state-owned coal mining firm PT Bukit Asam (PTBA) have inked a partnership with chemical company Air Products and Chemicals Inc. on coal gasification. Under the agreement, the United States-based company would build a facility to produce coal derivative products, like dimethylether (DME) and synthetic natural gas (SNG) at the […]

INDONESIAN coal miner Geo Energy Resources has scored a three-in-one with Australia’s Macquarie Bank that will see the Singapore-listed firm secure more than US$75 million in fresh funds by way of a pre-payment for a coal offtake deal for its mine and proposed equity investment alongside a trade finance facility for which the sum was […]

Indonesia is the world’s top thermal coal exporter, and South Sumatra’s total output of the fuel this year was expected to be 48.5 million tonnes, the Indonesian Independent Power Producers Association (APLSI) said in an emailed statement. New Delhi: Indonesia’s South Sumatra province plans to ban coal transporters from using public roads from Nov. 8, […]

The offshore US dollar credit facility with 20 international banks, signed on Oct. 25, was the first of its kind for PLN, the company said in a statement issued on Monday JAKARTA: Indonesia’s state-owned power utility Perusahaan Listrik Negara (PLN) said it has secured a $1.62 billion syndicated loan facility to support its role in […]

Indonesia and the United Kingdom have expressed a wish to strengthen bilateral relations between the two countries amid rising global protectionism sparked by the trade war between the United States and China. Speaking at the Indonesian Briefing forum in London recently, Indonesian Ambassador to the UK Rizal Sukma stressed the importance for both countries of […]

The Philippines has set into motion collaborative talks with Indonesia on prospective benchmarking of incentives for investments in the upstream petroleum sector. Energy Secretary Alfonso Cusi This was a matter that Philippine Energy Secretary Alfonso G. Cusi had raised with Indonesian Deputy Minister of Energy and Resources Arcandra Tahar in their bilateral meeting in Singapore […]

Higher oil prices, sliding local currency, and deteriorating government finances have led to Indonesia’s state oil firm Pertamina seeking to reduce expenses in U.S. dollars, and the company has issued tenders to buy spot crude oil, gasoline, and gasoil in its domestic currency the rupiah, or currencies other than the U.S. dollar, S&P Global Platts […]

JAKARTA, Oct 24 (Reuters) – Indonesia’s state-owned energy company Pertamina is looking to reduce spending of foreign exchange in U.S. dollars by seeking crude oil purchases in other currencies, a senior company official told Reuters on Wednesday. “The (Integrated Supply Chain unit), as executor of the tender, has requested to use other currencies apart from […]