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Singapore’ Geo Energy to Acquires Coal Mines in Indonesia

JAKARTA (TheInsiderStories) - Coal producer, Geo Energy Resources Ltd., has submitted a revised non-binding proposal to acquire new coal assets for a producing coal mine...

Indonesia’s BUMI to Pay Off Debt US$250M in 2019

JAKARTA (TheInsiderStories) - One the largest coal producer in Indonesia, PT Bumi Resources Tbk (IDX: BUMI) planned to pay off around US$250 million of its Tranche...

Indonesian Govt Tightens Coal Import Duty Rule

JAKARTA (TheInsiderStories) - Indonesian government has tightened the fiscal facilities in the form of exemption from import duties and value-added tax (VAT) on imported...

Indonesia to Stops Raw Mineral Exports in 2022

Jakarta (TheInsiderStories) - Indonesian government ensured that after 41 smelters operating, the country will stop raw mineral exports in 2022. So far, most of...

Indonesia’s Bayan to Export 23 MT Coals to Bangladesh

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX:BYAN) signed an agreement of coal supplies with Bangladesh-China Power Company Limited (BCPCL). This...

Indonesia’s Bumi Resources Profit Slumps Almost Half in 1Q 2019

JAKARTA (TheInsiderStories) - The controversial Bakrie-owned company PT Bumi Resources Tbk (IDX: BUMI) felt other gloomy days. In the first quarter (1Q) of 2019,...

Indonesia Sets DMO Allocation 128MT of Coal in 2019

JAKARTA (TheInsiderStories) – Indonesian government set coal supply for domestic market obligation (DMO) in total 128 million tons (MT) of coal, said the senior...

Insight: Political Elites on The Coal Business Corruption

JAKARTA (TheInsiderStories) – The coal mining sector has become a political commodity and funding source for political campaigns in Indonesia for the past 20...

Indonesia’s Coal Industry Hard to Grow in 2019, says Association

JAKARTA (TheInsiderStories) – Over the past 20 years, the growth of the coal industry has been rapid and it has become one of the...

Indonesia’s BUMI Pays US$167M Trance A Debt

JAKARTA (TheInsiderStories) - Indonesian miner, PT Bumi Resources Tbk (IDX: BUMI) has paid US$167.48 million Tranche A Principal and Coupon till date, said the company...

Moody’s assigns Ba3 CFR to Bayan Resources, Outlook Stable

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Ba3 corporate family rating (CFR) to Bayan Resources Tbk (P.T.). The rating outlook is stable. RATINGS RATIONALE "Bayan's Ba3...

Indonesia’s Bukit Asam, KAI Signs Coal Transport Development

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA) and state-owned railways operator, PT Kereta Api Indonesia (KAI) signed Coal Transport Development Framework...

32 Indonesian Miners Proposes Additional Export 21.9MT of Coal

JAKARTA (TheInsiderStories) - A total of 32 coal miners proposed additional production with total amount of 21.9 million tons (MT) of coal by the end of this...

Moody’s Revises ABM Investama’s Outlook to Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has revised ABM Investama Tbk (P.T.)'s ratings outlook to negative from stable. At the same time, Moody's has affirmed the company's...

Indonesia’s Bukit Asam Keeps Expanding into Downstream

JAKARTA (TheInsiderStories) - Indonesian coal miner PT Bukit Asam Tbk (PTBA) has planned to set up a joint venture company with PT Pertamina, fertilizer producer PT...

Indonesian Gov’t Revises Coal Production to 585 MT in 2018

JAKARTA (TheInsiderStories) - There is a good news for coal miners as the Indonesian government has officially raised the production quota for 2018 by 100...

Indonesia’s Bayan Buys 45% Kangaroo Shares for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) will acquired 44.95 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesia’s President Cancels Plan to Revoke DMO Policy for Coals

JAKARTA (TheInsiderStories)--Indonesia's President Joko Widodo canceled a plan to revoke domestic market obligation (DMO) policy for coals, said one senior official on Tuesday (31/07). DMO is a...

Policy Review: Indonesia Plans to Ease DMO for Coal, Potentially Harm...

JAKARTA (TheInsiderStories) - Indonesian government’s consider to ease domestic market obligation policy for coal miners to boost export, said one senior official last week. Currently, the government imposes...

Morning Briefing: Widodo Calls Exporters Bring More U.S Dollar to Indonesia

JAKARTA (TheInsiderStories) - Good morning. Carry out the weakening of Rupiah, Indonesian President Joko Widodo called exporters to bring more U.S dollars to Indonesia to stabilize...

Indonesia’s Adaro to Double Australia’s Kestrel Mine Production

JAKARTA (TheInsiderStories) - Indonesian coal miner PT Adaro Energy Tbk (IDX: ADRO) aims to double Kestrel Mine's production to bring the company become one of...

Indonesia’s BUMI Pays Debt US$114.6M

JAKARTA (TheInsiderStories) - Indonesia's coal miner, PT Bumi Resources Tbk (IDX: BUMI) announced has paid its Tranche A Principal and coupon with total amount US$114.6...

Indonesia’s Param Mitra Coal Backdoor Listing in Singapore

JAKARTA (TheInsiderStories) - Indonesia's Param Mitra Coal Resources (PMCR) has entered into sales and purchase agreement  with Singapore's listed firm C&G Environmental Protection Holdings that will...

Coal Industry Finds New Optimism as Price Rising

JAKARTA (TheInsiderStories)—Coal industry players gathered in the 24th Coaltrans Asia in Bali finds new optimism in the future coal business in the next few...

Adaro, EMR Capital Buy Kestrel from Rio Tinto for US$2.25B

JAKARTA (TheInsiderStories) - Publicly listed coal miner PT Adaro Energy Tbk joint with private equity manager EMR Capital acquired 80 per cent Rio Tinto's coal asset...

Indonesia Caps Coal Prices for Power at US$70

JAKARTA (TheInsiderStories) - The Indonesian Government has decided to cap ceiling price of coal for domestic market obligation (DMO) at US$70 per ton, for...

Indonesia New Coal Price Cap Drags Down Miners Shares

JAKARTA (TheInsiderStories) – The Indonesian government’s decision to set the ceiling price of coal that is sold to the power sector under the so-called...

Energy Ministry to Issue Rulings on DMO Soon as Coal Price...

JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry will issue Ministerial Decree as well as Ministry Stipulation in the immediate future that give...

Govt Hints at Delaying Implementation of Export Vessel Ruling

JAKARTA (TheInsiderStories) – The Indonesian government on Wed. 21 has hinted it might delay the implementation of the Trade Ministry Ruling Number 82/2017 which...

Indonesia Targets to Produce 485MT Coals in 2018

JAKARTA (TheInsiderStories) - Indonesia will produce 485 million metric tons (MT) of coal in 2018 or up 5 per cent from last year, the...