Indonesia Thermal Swap Contracts Drop
Bloomberg reported that sub-bituminous coal swap contracts from Indonesia fell along with prices for China deliveries.
Bloomberg reported that sub-bituminous coal swap contracts from Indonesia fell along with prices for China deliveries.
Bloomberg reported that Indonesia dropped the price of benchmark power-station coal price to an 18-month low.
Reuters reported that Indonesia may begin charging an export tax on thermal coal to create a revenue boost.
Platts reported that lower supply of US coal is pushing up prices for Indonesia thermal coal.
Indonesia’s coal sector is dealing with a sluggish market and the roll out of unpopular new mining laws. But the outlook is still good for the world’s largest thermal coal exporter.
Bloomberg reported that benchmark thermal coal prices in Indonesia were cut to a 16-month low.
Platts reported that state-owned Vinacomin is looking to secure Australian and Indonesian coal imports.
Bloomberg reported that foreign companies will not be allowed to own greater than 49 percent of some Indonesian mines, a move which may limit investment in the country's coal industry.
Vilified as a dirty energy source in advanced industrialized economies, coal is booming around the world. Emerging economies are the critical driving force behind the continued growth, but barriers do exist.
PHI Group Inc. (OTCQB:PHIE.PK) announced the signing of an LOI for a 20.7 million tons of coal resources in Indonesia.
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