Reuters A barge, transporting coal from Berau Coal, sails during an open-sea transhipment in Berau district in Indonesias East Kalimantan province August 17, 2010. The coal will be exported to Japan, China and other Asian countries, Berau Coals spokesman said on Tuesday. Indonesia is the worlds biggest thermal coal exporter. Picture taken August 17, 2010. Indonesia will review a plan to ban exports of coal with calorie content below 5,600 kilocalories a kilogram starting in 2014 in response to protests from coal miners, a government official said Tuesday. The government wants the low-grade coal to be processed to enhance the calorie content before it is exported, which would increase government income from coal royalties.
According to the plan, the government will invite private-sector companies to build coal processing plants in Indonesia--or it will build facilities itself if no investors can be found.
Bambang Gatot Ariyono, the director of mineral resources development at the Ministry of Energy and Mineral Resources, told Dow Jones Newswires that it is unlikely any plants to process such coal will be ready by 2014.
Meanwhile, Priyo Pribadi Soemarno, executive director of the Indonesian Mining Association, said that the government recently indicated that implementation of the export ban will likely be pushed back to 2016.
Analysts said the planned export ban of such coal could substantially affect the global thermal coal market, as low-quality coal constitutes a significant portion of Indonesia's coal exports. The measure, if implemented, would deal the largest blow to India and China, as much of Indonesia's low-calorie coal is shipped to those countries.
According to the plan, the government will invite private-sector companies to build coal processing plants in Indonesia--or it will build facilities itself if no investors can be found.
Bambang Gatot Ariyono, the director of mineral resources development at the Ministry of Energy and Mineral Resources, told Dow Jones Newswires that it is unlikely any plants to process such coal will be ready by 2014.
Meanwhile, Priyo Pribadi Soemarno, executive director of the Indonesian Mining Association, said that the government recently indicated that implementation of the export ban will likely be pushed back to 2016.
Analysts said the planned export ban of such coal could substantially affect the global thermal coal market, as low-quality coal constitutes a significant portion of Indonesia's coal exports. The measure, if implemented, would deal the largest blow to India and China, as much of Indonesia's low-calorie coal is shipped to those countries.
No comments:
Post a Comment