Indonesia is China's largest source of foreign coal. China imported 177 million tonnes of Indonesian thermal coal in the first 11 months last year, an increase of 54% compared with the same period in 2020. Due to an ongoing trade dispute with Australia, China has become increasingly reliant on Indonesian thermal coal. The …
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Under the sale agreement, Yancoal could offer an additional royalty based on coal price, which is capped at $410m. Proceeds from the sale will be used to meet Rio Tinto's general corporate needs. "The total deal comprises $2.45bn paid upon completion, with a further $240m of unconditional guaranteed royalty payments."
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The Government of Indonesia has issued a regulation to implement the recent amendments made to the Mining Law. Principally, this new regulation, Government Regulation No. 96 of 2021 regarding the Operation of Mineral and Coal Mining Business ("GR 96/2021"), enacts a new licensing scheme for mining business activities and …
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Sample Business Contracts; By Industry; Mining; Mining. Includes companies engaged in metal mining, bituminous coal and lignite mining, and gold and silver mining. Popular Free Forms. Loan Agreement; General Contract for Services; Promissory Note; Employment Agreement; Noncompete Agreement;
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Freeport-McMoRan mining dispute Indonesian Government reaches stalemate. Freeport-McMoRan has announced that its subsidiary PT Freeport Indonesia (PT-FI) has failed to reach an agreement with Indonesia's Government over concentrate exports and associated matters relating to the contract of work (CoW) after five years of …
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In principle, individuals can obtain Indonesian mining contracts and licenses from the Directorate General of Minerals and Coal at the Ministry of Energy and Mineral …
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Indonesia has reportedly lifted an export ban for a total of 139 coal mining companies that met or exceeded the Domestic Market Obligation (DMO) requirement. The move follows the ban of coal exports earlier this month by the Indonesian Ministry of Energy and Mineral Resources (ESDM).
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As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025.
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During an online panel dialogue, Indonesian Energy Ministry mineral and coal programmes director Sunindyo Suryo Herdadi said that the country aims to produce 663 million tonnes (Mt) of coal and make potential exports of 497Mt in 2022.
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A comprehensive guide to the legal framework and procedures of mining law in Indonesia, covering acquisition, ownership, processing, transfer, environmental, …
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With recent developments in the mining business in Indonesia, many stakeholders in mining believed that it was urgent to amend Law No. 4 of 2009 concerning Mineral and …
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The seven Indonesian coal companies analyzed by IEEFA represented 27% of Indonesia's coal production in 2023 with sales of 217 million tonnes in that year. Although only two of the seven companies have major coal expansion plans, the anticipated addition of 58mt of capacity could support up to 21GW of planned coal-fired …
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More than 65pc of Indonesia's installed power generation capacity of 82GW is coal-fired, while renewable energy capacity accounts for 14.5pc of the mix. Indonesia aims to increase the share of renewable energy in overall generation to 34pc by 2030 and 100pc by 2060. Jakarta aims to remove up to 6.7GW of coal-fired generation capacity by 2040 ...
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This recent coal revival (van Leeuwen, 1994) has led Indonesia to become the world's largest exporter of thermal coal (steam) coal by 2006 (Fairhead et al., 2006, Mining-Technology, 2006). Australia dominates export of metallurgical (coking) coal in the world market and is still the world's largest total coal exporter, but has experienced ...
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Indonesia continues to be a significant player in the global mining industry, with significant levels of production of coal, copper, gold, tin and nickel. In particular, …
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The Indonesian government, the Asian Development Bank (ADB) and independent power producer Cirebon Electric Power (CEP) have entered a nonbinding framework agreement to shut down a 660MW coal-fired power plant almost seven years ahead of schedule.. Signed at the COP28 summit in Dubai, UAE, the agreement forms …
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Arifin Tasrif, the Minister of Energy and Mineral Resources, has revealed that PT Vale Indonesia has signed a Head of Agreement (HOA) concerning the divestment of its 14% stake to the Indonesian state-owned mining holding company, MIND ID.
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Indonesia has 52,317 megawatts (MW) of operating coal power, surpassing South Africa in 2023 to have the fifth largest capacity globally. The country's 9,815 MW of coal capacity under construction exceeds all other countries except for China and India. Proposed new coal mining capacity in Southeast Asia continues to be dominated by Indonesia.
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Indonesia continues to be a significant player in the global mining industry with significant production of coal, copper, gold, tin and nickel. Indonesia also remains
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Once covered in vast tropical forests, East Kalimantan, in the Indonesian half of Borneo Island, is today the most intensively mined province in Indonesia. Surface mining for coal has left behind ...
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THIS CONTRACT MINING AGREEMENT (this "Agreement") is made and entered into this 1st day of November1, 2013, by and between Pure Base Inc., a Nevada corporation having as its mailing address at, 1 Yonge Street, Suite 1801 Toronto ON M5E 1W7, ("Owner"), and US Mine Corp, a Nevada corporation having as its mailing address 3090 Boeing Road, …
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Gross domestic product (GDP) from coal and lignite mining in Indonesia from 2014 to 2023 (in trillion Indonesian rupiah) Premium Statistic Electricity generation mix in Indonesia 2023, by source
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In 2011, the Indonesian Government received a former mine site in Southeast Minahasa that had been transformed into 443ha of revegetated land, with an overall aim of creating the country's newest botanical garden and first-ever carbon absorption project. From an open-pit gold mine to supporting various species of …
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In Indonesia, coal mining expansion often leads to contestations and conflicts among related parties. We note that at least two leading causes of conflict are overlapping land and environmental damage. ... On the other hand, investors still stick to the agreement. previously agreed upon works, this is also in accordance with Article 169 letter ...
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The bone of contention? Majority ownership of one of the crown jewels of the country's mining industry. After much wrangling, an agreement of sorts has been reached. Freeport, which has been mining copper in the region since 1972, has agreed to hand over 51% ownership of the mine to the Indonesian state.
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With recent developments in the mining business in Indonesia, many stakeholders in mining believed that it was urgent to amend Law No. 4 of 2009 concerning Mineral and Coal Mining ("Mining Law"). On June 2020, the Government of Indonesia promulgated Law No. 3 of 2020 concerning Amendment to the Mining Law ("Law
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Purposive sampling technique used to select 9 coal mining companies that met the sample criteria. The test was conducted on a panel of random ... Firm Size have influence to Cash Holding of coal mining companies listed on the Indonesia Stock Exchange in 2010- 2019 Bigelli & Sánchez-Vidal (2012) explained that private companies with high …
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Thiess, the mining arm of Cimic Group, has received a A$345m ($230.6m) contract extension from Bayan Group to continue providing services at the Melak coal mine in East Kalimantan, Indonesia.. Under the contract, which is effective from May 2023, Thiess will provide full mining services including load and haul, drill and blast, coal …
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Nevertheless, China's unofficial import ban on metallurgical coal imports, the global Covid-19 pandemic, a shortage of labour, and unfavourable weather due to the La Niña phenomenon, which brings heavy rainfall and severe storms, have all negatively impacted Australia's overall coal production and exports in recent years, the report said.
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Indonesia has become the world's largest exporter of thermal coal and is a major supplier to the Asian coal market, particularly as the People's Republic of China is now (2007) and perhaps may ...
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• Deputy Executive Director APBI-ICMA (Indonesian Coal Mining Association) : October 2013 – 2017 • Co-founder & Director, Indonesian Mining Institute (PT. Indo Minerba Insani): January 2013 – present • Executive Secretary, API-IMA (Indonesian Mining Association): 2012 – 2013 • President Director, PT Vale Eksplorasi …
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