· In November 2001 Bumi Resources acquired 80% of PT Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc. At the time of acquisition, Arutmin was the fourth largest coal producer in Indonesia. In April 2004, Bumi Resources brought its shareholding in Arutmin up to 99.99% and the following year undertook a minor divestment of its shareholding in KPC.
· Fitch Ratings 2022 Outlook: Indonesian Coal Mining. Mon 29 Nov, 2021 - 9:42 PM ET. Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022. Earnings generation should slow down as selling prices ease from the highs of 2021, while cash accumulation from 2021 should support adequate rating headroom for most companies.
· Read more: Overview of the Coal Mining Industry in Indonesia. With more coal-fired power plants being built in Indonesia (encouraged by the government's 35,000 MW energy program), PLN is expected to consume between 80 and 100 million tons by 2019 or 2020. PLN targets to complete the acquisition of a coal miner in Kalimantan before the end of ...
· COAL producer Geo Energy Resources has acquired a majority stake in two South Sumatra coal mines for US$25 million. It will buy PT Titan Global Energy (TGE) from PT Titan Infra Energy (TIE) and its affiliate, PT Jaya Utama Indonesia (JUI), giving Geo Energy a 51 per cent stake in producing coal mines PT Bara Anugrah Sejahtera (BAS) and PT Banjarsari …
· In November 2001 Bumi Resources acquired 80% of PT Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc. At the time of acquisition, Arutmin was the fourth largest coal producer in Indonesia. In April 2004, Bumi Resources brought its shareholding in Arutmin up to 99.99% and the following year undertook a minor divestment of its shareholding in KPC.
· Indonesia was the toast of coal mine acquisition investments from Indian companies, while there were big investments in Australia, South Africa and other countries too.
The Indonesia coal market is expected to grow at a CAGR of more than 5.8% during the forecast period of 2020-2025. Factors such as an increase in demand for electricity, supportive government regulations, and the presence of large coal reserves are driving the growth of the coal market in Indonesia.
PT Arutmin Indonesia is a coal mining company operating based on Izin Usaha Pertambangan Khusus (IUPK).. Operating for more than three decades, Arutmin has become a preferred coal provider for power plants and industrial plants in Indonesia and the worldwide market.
Jakarta, January 27th, 2011 - PT ANTAM (Persero) Tbk (ASX-ATM; IDX-ANTM; ANTAM) is pleased to announce that its subsidiary, PT Indonesia Coal Resources (PT ICR) has acquired the Sarolangun coal mine, located at Jambi province, Indonesia. The acquisition costs Rp92.5 billion and is the first step of PT ICR's expansion in coal mining business ...
· In Indonesia, coal has long been exploited to satisfy the avarice of those in power. Prior to the country's independence, in 1861, the Dutch colonial government began mining coal in Palaran, East Kalimantan, before kicking off production in Ombilin, West Sumatra, in 1892. In fact, Kalimantan and Sumatra islands are Indonesia's 'supermarket' of coal.
· Coal mining is a difficult, dangerous job, rarely associated with good labour relations. But at one of the largest mines in Indonesia, natural resources are being exploited by a human resources director who puts people first. She enlisted the help of the International Labour Organization in training workers about their rights. As ILO TV now reports, the mine has seen …
· Jakarta, Indonesia. Mercuria Energy Group Ltd. announces today the acquisition of a coal concession in South East Kalimantan. The purchase of this brown fields operation represents a strategic investment by Mercuria to create an additional growth platform for its coal trading activities. The concession covers an area of 6000 hectares in SE ...
· SAROLANGUN COAL MINE ACQUISITION BY PT INDONESIAN COAL RESOURCES . ANTAM mining closure INTRODUCTION: ANTAM JOURNEY BAUXITE MINING CLOSURE IN KIJANG Revegetation IRON SAND MINING CLOSURE IN CILACAP . Current operations FERRONICKEL SMELTER AND NICKEL ORE MINE Pomalaa, Southeast Sulawesi
· The mining industry in Indonesia is regulated by way of mining laws. The main regulation is Law 4/2009 on Coal and Mineral Mining, which is further implemented by various regulations and decrees ...
· "Welcome to the tenth edition of PwC Indonesia's Mining in Indonesia: Investment and Taxation Guide. Since the Law on Mineral and Coal Mining No. 4 of 2009 (the "Mining Law") was promulgated, various implementing regulations, including a number of amendments, have been issued by the Government in pursuing the goals of the Mining Law.
Kestrel Coal Mine (Kestrel) Kestrel is an underground metallurgical coal mine that we acquired in 2018. Adaro Energy (48%) and EMR Capital Ltd (52%) own 80% of Kestrel. Located in Queensland, Australia, the acquisition of Kestrel marked our first venture outside of Indonesia.
· an Indonesian coal mining specialist, is pleased to announce that it has today completed the targeted acquisition of approximately 66% of Borneo International Resources Pte Ltd ("BIR") for US$55 million. The Group had previously announced its intentions to acquire BIR, which through its Indonesian's subsidiaries owns the new concession ...
· Banpu mines Indonesia for coal mergers. Banpu Plc, Thailand's biggest coal mine operator, is in talks with industry peers in Indonesia on possible mergers and acquisition (M&A) deals to help increase its long-term coal reserves, Bangkok Post reported on August 17, citing deputy chief executive Somyot Ruchirawat as said.
· SARL intends to expand its thermal coal mining business in Indonesia. Ong has said, back in October: "Jembayan is an outstanding coal mine with excellent infrastructure. The acquisition will deliver immediate benefits to Straits Asia as it allows us to expand our 2008 production to a target of around 8.5 Mt to 9.5 Mt from our two mines.
8 · · The Indonesian coal industry is rather fragmented with only …
· Mining Laws and Regulations Indonesia 2022. ICLG - Mining Laws and Regulations - Indonesia Chapter covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights. Published: 13/09/2021.
· Indonesia's coal production to rise more than 6% in 2022. Indonesia's coal production is expected to increase to 637-664 million tonnes in 2022, up 6.24% from the 2021 target, the Ministry of Energy and Mineral Resources Ministry (ESDM) said at a …
· Coal mining in East Kalimantan, Indonesia. Image by Rhett A. Butler/Mongabay. Decades more of burning coal. While imposing a deadline on the construction of new coal plants is an important first ...
· 15 April 2021 . MILLENNIUM AND MAVIS DOWNS MINE ACQUISITION . Stanmore Coal Limited (Stanmore or the Company) is pleased to announce that through a 50/50 joint venture company with an M Resources affiliated entity, MetRes Pty Ltd, it has executed
· Coal, in particular coal mining, is an important economic sector in Indonesia that largely contributes to the government's budget. It is highly influential in …
· (the Kirkham Acquisition). Kirkham owns 95% of PT Borneo Prima Coal Indonesia (BPCI) (Figure 1) which holds a fully permitted coal mine which will produce a premium low ash, high fluidity and coke strength coking coal product for the Chinese and Japanese export markets in Central Kalimantan, Indonesia.