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TAMBANG 07 Agustus 2014 | 18.28
Mining Export Performance Still Sluggish
Jakarta - TAMBANG. The Central Statistics Agency (BPS) has recorded mining export performance in the 1sthalf 2014 at only 12.81% or US$ 11.83 billion. This is down from last year’s figure of 17.13% or $ 15.6.
TAMBANG 07 Agustus 2014 | 18.27
Berau Coal To Issue $ 450 Million Bonds
Jakarta-TAMBANG.Thermal coal producer PT. Berau Coal Energy, Tbk. will be issuing bonds worth US$450, to refinance loans of the same amount maturing in 2015."Through the issuance, the company can maintain liquidity and extend the maturity of its debt to support the company’s growth," Amir Sambodo, the company’s President Director,said in Jakarta (6/8)
TAMBANG 07 Agustus 2014 | 18.26
ADB To Provide $ 50 Million for Rantau Dedap Geothermal Project
Jakarta-TAMBANG. The Asian Development Bank (ADB) will provide a loan worth $ 50 million for ageothermal project in Indonesia.“This innovative loan demonstrates the depth of ADB support for deploying clean energy technologies that can significantly displace coal and oil-fired power," said Lazeena Rahman, Investment Specialist of the ADB's Private Sector Operations Department, as quoted on the official website of the Ministry of Finance of the Republic of Indonesia (6/8).
TAMBANG 07 Agustus 2014 | 18.25
Waratah To Export South Kalimantan Coal
WARATAH Resources will ship 55,000 tons of thermal coal from South Kalimantan to an international trading company. The shipmentis planned to take place in late August 2014. The coal trade is an important milestone for Waratah Coal in developing its trade division.
TAMBANG 07 Agustus 2014 | 18.24
Major Areas at Risk of Electricity Cutoff
Jakarta-TAMBANG. According to Pertamina’sMedia Manager, Adiatma Sardjito,the companyis planning to stopthe supply of diesel fuel, or solar as it is referred to here, to the government-owned electricity company PLN. Earlier, Pertamina has reduced 50% of diesel fuel supply to PLN’sMedan group, home to somesolar-based power plants. "On1 August 2014, we started reducing supply to Medan Group by 50 percent. Anumber of plants (are located) there, such as in Dumai,"said Mr. Sardjito in Jakarta (6/8).