Ministry to replace two directors at Ministry of Energy and Mineral Resources

The government has decided to replace two seniors officials at the Ministry of Energy and Mineral Resources: Director General of Oil and Gas Luluk Sumiarso and Director General of Mineral, Coal and Geothermal Resources Simon F. Sembiring.
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Vinacomin signs up Vinh Tan coal

The state-owned Vietnam National Coal and Mineral Industries Group (Vinacomin) has signed a framework contract to buy 3.5 million metric tons of coal a year from the Indonesian miner PT Berau and the Indonesia based Maintime. The coal will be used to help fire the first phase of the Vinh Tan-1 coal-fired project.
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PJB re-tenders low CV coal supply for Paiton

PT. Pembangkitan Jawa Bali (PJB), a unit state electricity firm PLN, said on Monday that it has re-tendered 480,000 tonnes of low CV coal supply for its Paiton power plant in East Java as the previous tender only attracted two suppliers, one supplier short of the minimum requirement.
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President Yudhoyono inaugurates new power plant in East Kalimantan

President Susilo Bambang Yudhoyono inaugurated on Saturday the operation of a new coal-fired power plant in Embalut-Tanjung Batu, Tenggarong in East Kalimantan’s Kutai Kartanegara (Kukar) regency.
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PT Bayan Resources Tbk will raise up the share capital

PT Bayan Resources Tbk will raise up to US$694M through the sale of 25% of its share capital in an IPO. Continue reading

EGAT to invest in Indonesia

Electricity Generating Authority of Thailand (EGAT) plans to invest in Indonesian coal mines to secure supply for four proposed coal-fired power plants in Thailand. EGAT is looking into the commercial viability of several mines in Kalimantan and Sumatra the state-owned utility told the Bangkok Post.
The utility has found it increasingly difficult to secure long-term contracts for imported coal as exporters reduce contract periods from ten years to between three and five years, forcing power generators onto the expensive spot market. Continue reading

Adaro’s IPO success and conveyor plan

Bouncing back from transfer pricing allegations, Indonesia’s second-largest coal producer, PT Adaro Energy, has raised US$1.32B in the country’s largest IPO in more than a decade – and unveiled plans to almost double its Kalimantan coal production to 80Mtpa over the next three years. Continue reading