Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
License row holds up Indonesia's coal

by Staff Writers
Jakarta (UPI) Feb 2, 2011
The Indonesian government has blocked shipments of at least 3.5 million tons of coal since Jan. 15 because of trading permit delays, an industry group said Tuesday.

The license snarl threatens the country's coal exports and could result in skyrocketing coal prices, said the Indonesian Coal Mining Association, The Jakarta Globe reports.

Bob Kamandanu, head of the association, known as APBI, said coal traders submitted applications for new licenses three months ago, in compliance with the country's 2009 mining law, but they have yet to be signed by the energy minister.

Companies that ship coal or other mining products are recognized as traders by the Indonesian government.

"Approximately 3.5 million tons of coal are stuck in stockpiles," said Kamandanu.

Coal from a mining site is typically moved to a stockpile near a port where it is then loaded on a coal freighter. As a result of the licensing holdup, Kamandanu said, about 70 ships are waiting to be loaded.

"The pending chain will affect coal miners' production," he said. "Miners won't dig the coal if the stockpiles are still full."

Indonesia is the world's third largest coal exporter after Australia and China.

Kamandanu said APBI filed a complaint with the energy ministry Tuesday over the dispute and Indonesian coal companies have alerted buyers to the shipment delay, citing force majeure, a legal clause allowing producers to miss deliveries because of circumstances beyond their control.

Kamandanu warned that the backlog in shipments could spark a surge in international coal prices, already under pressure in the wake of floods in Australia, the world's largest exporter of coal.

In a Jan. 20 report, Societe Generale said that coal prices in Newcastle, Australia, could rise 34 percent on average this year.

Indonesia's permit issue could also hurt investment in the country's coal sector.

"It will create a negative impression for coal mining investors in the future," APBI Executive Director Supriatna Suhala said last week.

In November, global financier Nathaniel Rothschild paid $3 billion for stakes in two of the country's largest coal mining companies, Bumi Resources and Berau Coal.

APBI had said in November that coal production in the country could reach 340 million tons this year, if rainfall is normal. In 2010, coal production reached 300 million tons, 20 million tons below target due to an extended rainy season.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
BHP says coal output fell 30% in Australia floods
Sydney (AFP) Jan 20, 2011
Devastating floods in Australia's Queensland state have slashed production of steelmaking coal by 30 percent in the resources-rich region, the world's biggest miner BHP Billiton said Thursday. But while the weather put the brakes on its coal production, the Anglo-Australian mining giant managed record iron ore output in the December quarter as demand for minerals boomed following the global ... read more







ENERGY TECH
Neiker-Tecnalia Creates Air-Conditioned Greenhouse With Alternative Energies

Mexico supplies electricity to wintry Texas

Endeavor Power Recycles 250,000 Pounds Of Electronic Waste Per Month

China and the U.S. sign energy deals

ENERGY TECH
Iraqi Kurdistan resumes pumping oil to export line

'Radical' clean energy shift could save 4 tn euros: WWF

US judge: oil claims official not independent of BP

Estonians find stolen Czech carbon credits

ENERGY TECH
Construction Begins On Dempsey Ridge Wind Project

India's Suzlon wins $1.28 bn wind power deal

German wind sector hopes for 2011 comeback

U.S. behind China in wind power energy

ENERGY TECH
Enecsys Solar PV Micro-Inverter Gain UL Certification

Duke Energy And SunEdison Announce Completion Of Solar Farm

Pepco Energy To Implement PV Project For US DoE

GSLO Expects Booming iPhone Sales To Drive Demand For Volt

ENERGY TECH
Animals at nuclear sites trapped, tested

Sweden kicks off large-scale nuclear accident exercise

Russia to help Belarus build nuclear power plant

China to boost nuclear power

ENERGY TECH
Malaysian forests destroyed for palm oil

Rentech Fuels First Cross-Country Drive On 100 Percent Synthetic Diesel

Malaysian peatswamps obliterated for palm oil: study

Scania Receives Large Order For Biofuel Buses In Sweden

ENERGY TECH
Slow progress in U.S.-China space efforts

China Builds Theme Park In Spaceport

Tiangong Space Station Plans Progessing

China-Made Satellite Keeps Remote Areas In Venezuela Connected

ENERGY TECH
China farmers to get $15 bn subsidies amid drought

Man, Volcanoes And The Sun Have Influenced Europe's Climate Over Recent Centuries

China's drought could have serious global impact

Senators vow to strip Obama climate power


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement