Indonesia denies reports of possible coal export quotas

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,... 

Tag: coal export from, biggest coal exporter, bharinto coal mining, pt kitadin, indonesian coal mining law

Bumi scraps $2.3b deal to sell coal companies

PT Bumi Resources, Indonesia’s biggest coal exporter, has canceled a US$3.2 billion deal to sell its two coal mining units to a consortium of local companies led by PT Renaissance Capital following a prolonged delay in the closing of the transaction. Bumi’s finance director Eddie Soebari told The Jakarta Post on Friday that his company was forced to cancel the deal after seeing no clear... 

Tag: samin tan 2009