Coal India's inability to supply adequate coal to India's electricity providers is causing power shortages in the energy-hungry nation.
Articles Tagged "indonesia"
Japan is joining Asia’s battle for coal resources. Who will benefit from the rush for new supply?
China is the clear "king of coal." But as the nation’s economy stagnates, other emerging markets are gaining ground and could reshape how thermal coal prices are determined.
The Wall Street Journal reported that financier Nat Rothschild has resigned from his position on the board of Bumi plc due to increasing board dissent over how to manage financial issues caused by a cash shell listed by the company last year. The final straw for Rothschild appears to have been Bakrie Group's offer to buy Bumi's Indonesian assets for $1.2 billion; Rothschild intends to continue fighting against Bakrie Group despite his resignation.
Reuters reported that Norilsk Nickel (OTC Pink:NILSY) is considering the acquisition of Indonesia-based coal properties.
Reuters reported that Indonesian officials are not planning to tax coal exports as other officials had previously claimed.
Bloomberg reported that ABM Investama Tbk will send 500,000 tons of power-station coal to China.
Bloomberg reported that Indonesia's coal-fired power plants are expected to buy 10% more coal than originally forecast for this year.
Mining Weekly reported that an export tax on Indonesian coal could decrease the value of that country's coal business.
Bloomberg reported that sub-bituminous coal swap contracts from Indonesia fell along with prices for China deliveries.