PT Bukit Makmur Mandiri Utama, or often called BUMA, was established in 1998, and is currently the second largest independent coal mining contractor in Indonesia. BUMA was established as a family business, and was acquired by Delta Dunia in 2009, turning it into a professionally-run corporate. It currently holds around 20% market share by providing
Indonesia consistently recorded coal production increases, except for the years 2014-2015 when coal production decreased due to the decline in coal price and the attempt by the …
September 8, 2021. Share this article. Here are the five largest coal mines by production in Indonesia, according to GlobalData's mining database. 1. Sangatta Mine. The Sangatta Mine is a surface mine located in East Kalimantan. It is owned by Bumi Resources and produced an estimated 51.718 MTPA of coal in 2020. 2.
In addition to the Indonesian Constitution, the principal law that regulates the mining industry is Law 4/2009 on Coal and Mineral Mining (Law 4/2009), the amendment of which, under the draft Amendment to Law 4/2009 (the Mining Law Amendment), was recently ratified by the House of Representatives. The Ministry of Energy and Mineral …
(Jan. 24, 2017) On January 11, 2017, Indonesia's government issued a fourth revision to a government regulation of 2010 on the management of mineral and coal businesses. (Viriya P. Singgih, Indonesia Pledges Leeway for Obedient Miners, JAKARTA POST (Jan. 16, 2017); Implementation of Mineral and Coal Mining Business Activities, Government …
Tawabu Mineral Resource (TMR) is a coal mining company, operated in East Kalimantan, which is a half Indonesia's coal reserves located in this province. TMR was established in 2007, yet was started to operate in 2017 and first shipment in 2020. The total acreage of TMR concession is 6.205 hectares and separated on 2 blocks, namely, North ...
Indonesia continues to be one of the world's leading producers in terms of mining output. This is in part due to the Grasberg mine, which has the world's largest gold deposits and second-largest copper deposits. Indonesia is also the second-largest producer of tin, behind China, and was the second-biggest coal exporter in 2018, after Australia.
By 2021, coal production in Indonesia reached 614 million metric tons per year, 12 times higher than the production in 1996 (Figure 1). The Job Creation Law (Omnibus Law) …
Australian Journal of Asian Law, 2022, Vol 22 No 1, Article 04: 5367. Coal Mining Governance in Indonesia: Legal. Uncertainty and Contestation. Mohamad Nasir, ∗ Laurens Bakker ♣ Toon van Meijl ...
In this study, it was concluded that the 1945 Constitution of the Republic of Indonesia mandates that the management and exploitation of mineral and coal mining by the Government must have a ...
PT Borneo Prima Coal Indonesia ("BPCI") is a private Indonesian company that holds an IUP for a coal mining concession. BPCI has received over USD 30 million in investment for a coking (metallurgical) coal deposit in Central Kalimantan, Indonesia, with the current mine phase being operational. Our coal sales are projected to range from 30,000 ...
Mid-term National Development Plan both envision a massive expansion in Indonesia's coal-fired electricity generation capacity, generating strong signals about future growth …
In 2018, Indonesia ranked as the 5th largest coal producer and the 2nd largest coal exporter in the world. However, only 21% of the production volume is utilized in the domestic market.
Mining in Indonesia includes a part or all stages of coal and mineral exploration and exploitation. Minerals are defined by law number 4 of 2009 on Mineral and Coal Mining ("Mining Law") as inorganic compounds which possess specific characteristics and compositions in the form of ores. Coal is defined as sediment of …
Over the past ten years, Indonesia has experienced an unprecedented coal mining boom, with coal production and exports growing 5-fold from 2000 to 2012. Despite uncontrolled …
Mining Business License (Izin Usaha Pertambangan, or "IUP") and ex-Mining Rights (Kuasa Pertambangan, or "KP") holders. At the time of writing, there ... Global mining companies consistently rank Indonesia highly in terms of coal and mineral prospects, however assessments of its mining policies and investment climate have not been so …
Mining Services Provider. Having established ourselves firmly in a highly competitive earthworks and construction market in Singapore, we entered the coal business in Kalimantan, Indonesia in 2005 under PT. KTC Coal Mining & Energy as a diversification strategy and in anticipation of the growing market demand for energy and natural …
The Indonesian government has introduced major regulatory developments in the mining sector, which demonstrate its eagerness to improve investment in the mining sector and to protect national interests. This is apparent from the government's efforts to simplify licensing procedures, provide fiscal incentives and determine mandatory but …
Coal mining is known for its contributions to climate change, but its impacts on the environment and human lives near mine sites are less widely recognised. This study integrates remote sensing, GIS, stakeholder interviews and extensive review of provincial data and documents to identify patterns of infringement, risk and impact driven by coal …
GR 96/2021 is issued as the implementation to Law No. 4 of 2009 concerning Mineral and Coal Mining which was last amended by Law No. 11 of 2020 concerning Job Creation. This ARMA Update will discuss the overview of GR 96/2021 and some information related to the mining business licensing and provisions on share divestment.
The mine produced an estimated 31.7 million tonnes of coal in 2022. The mine will operate until 2055. Buy the profile here. 5. Banko Barat Project. Owned by Mining Industry Indonesia, the Banko Barat Project is a surface mine located in South Sumatra. It produced an estimated 9.62 million tonnes of coal in 2022. Buy the profile here.
Further, the 2020 Mining Law Amendment assures the extension of Contracts of Work (CoW) and Coal Contracts of Work (CCoW) in the form IUPK for Continuity of Operation of Contract/Agreement. Prior to the 2009 Mining Law, CoW and CCoW were used as the legal framework for mining business activities in Indonesia.
Indonesia boasts rich deposits of thermal coal, which is predominantly used in power generation. Mostly sub-bituminous varieties of medium or low calorific value (below 6,100 kcal/kg), Indonesian coal is sought after in China and India, where its typically low ash and sulphur content is appreciated. By contrast, higher-ranked …
As of May 19, the grade's average 2022 price was $88.21/mt FOB. The Kalimantan 5,900 kcal/kg GAR coal price averaged $113.80/mt FOB in 2021, while as of May 19, it averaged $174.89/mt FOB in 2022. Several large coal miners in Indonesia announced their production forecasts for 2022, expecting a significant increase from …
A domestic gold mining company in Indonesia also targets positive growth. PT Freeport Indonesia aims to reach a production target of 1.8 million tons of gold and 1.7 billion tons of copper in 2023. The government is seeking a downstream effort in the mining industry in 2023 with an investment worth US$ 30 billion for smelter constructions.
8 rowsDuring the lucrative 2000s commodities boom many new coal mining companies were established in Indonesia while existing coal miners raised investment to expand production capacity. This caused a …
Similarly, Bumi Resources, one of Indonesia's largest coal mining companies (Lucarelli, 2010), is majority owned by Aburizal Bakrie, one of Indonesia's most politically influential figures, a Minister during former President Yudhoyono's administration and chairman of the Golkar party (Jotzo, 2012).
Based on the records of the Directorate General of Mineral and Coal at the Ministry of Energy and Mineral Resources, as of June 2018 alone, as many as 60% or around 1,569 IUP (Mining Business ...
A Short Overview and Analysis. Coal is one of the most important commodities for Indonesia in terms of state revenue as it accounts for about 85 percent of the country's total mining revenue. Therefore, when global coal prices fell sharply from 2011 (amid a slowing global economy), Indonesia felt the impact. In a response to lower …
Coal Resources. Indonesia has substantial coal resources released according to the annual report of the Ministry of Energy and Mineral Resources as published in 2012. This report indicates a total resource base of nearly 120 billion tonnes, with measured resources totalling 24.1 billion, indicated 27.0, inferred 35.6 and hypothetic 33.5.
Indonesia is a global player in mining. Some estimates indicate the Southeast Asian country supplies over one-fourth of the world's mineral supply. There is significant production in coal, copper, gold, tin, bauxite and nickel. The archipelago nation possesses the world's largest nickel reserves. Indonesia has ranked among the world's ...