• Indonesia issues new rules on expanding coal, mineral mining areas

    sxcoal.com General,  International 2023-11-08 13:48:08

    Indonesia has issued new regulations on applying to expand licensing areas for coal and mineral mines, part of efforts to optimize resources, the energy ministry said in a statement on November 7.

     

    The new rules, outlined in a decree signed by the Minister of Energy and Mineral Resources (ESDM), revoke previous regulations deemed not comprehensive enough to guide applications to expand mining business permit areas or special mining permit areas.

     

    The new decree adds points on the allocation of applications for expansion, including to optimize potential reserves in the expansion area or to optimize marginal deposits indicated by exploration data.

     

    Expanded licensing areas will be a maximum 25,000 hectares for metallic mineral permits and 15,000 hectares for coal permits, while special coal and mineral permits will follow sizes recommended by the minister.

     

    Areas that can be proposed for expansion must border initial permit areas and show resource continuity, the decree says. They must not overlap with other permits, reserved mining areas, proposed licensing areas or territories under investigation.

     

    Mining permit holders seeking to expand areas must be listed in the ESDM's permit database, have produced for at least three straight years and shown good conservation, and have explored their initial areas.

     

    Permit holders must also obtain the ministry's approval for expansion plans before submitting applications.

     

    Indonesia is the world's biggest exporter of thermal coal and has significant resources of metals like nickel, copper and bauxite.

     

    (Writing by Alex Guo  Editing by Emma Yang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

    Share this article
    Connect with us

    Editor's Pick

    1 China futures market updates at close (Feb 8) 2024-02-08

    Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

    2 Indonesian low-CV thermal coal prices edge up as Chinese tender prices rise 2024-02-08

    Indonesian low-CV thermal coal rose slightly this week despite light demand from Chinese traders who were leaving their desks for the Chinese New Year holiday. The momentum was mainly gained from a ri

    3 China's coking coal mines see output, inventory fall as holiday nears 2024-02-08

    Coking coal output continued falling in China's major production areas, as more mines suspended extraction for the Chinese New Year holiday break. Inventories at mines also decreased amid output contr

    4 Newcastle port Jan coal exports up over 30% on yr 2024-02-08

    Newcastle port, the world's largest coal port located in Australia's New South Wales, registered an obvious year-on-year increase of coal exports in January, despite falling from the previous month's

    5 Weekly global coal market news summary (Feb 4-8) 2024-02-08

    Newcastle coal prices fall after two-day rally as supply outlook weighsNewcastle thermal coal futures slipped on February 6, pulling back from a two-session gain, as higher projected output from major

    6 Weekly China coal market news summary (Feb 4-8) 2024-02-08

    Summary: coke & steel-related initiatives in major Chinese provinces' 2024 work plansChina's major provinces and regions have recently released their government work reports, reflecting on their achie

    7 China's PPI, CPI drops abate in Jan, yet economic concerns persist 2024-02-08

    China's producer price index (PPI), gauging the cost of goods at the factory gate, fell 2.5% year on year in January, compared with a 2.7% decrease a month ago, official data showed on February 8.On a

    8 Russian coal exports to SE, S Asia surge in 2023, Kpler 2024-02-08

    Exports of Russian coal to Southeast and South Asian countries soared in 2023 after supplies to the EU were banned due to the Russia-Ukraine conflict, according to data from the cargo-tracking firm Kp

    9 China Coal Daily Track (Feb 8) 2024-02-08

    Thermal coalProduction area Most private mines in main producing regions have suspended operations for the Chinese New Year holiday, while those state-owned mines were still dedicated to term contract

    10 Australia Jan coal exports down 13.58% on mth, Kpler 2024-02-08

    Coal exports from Australia decreased 13.58% month on month to 29.06 million tonnes in January, which was still 5.72% higher than the year-ago level, according to cargo tracking data from Kpler.Japan

    Most Read Articles

    中文字幕在线播放