— Indonesia cannot be held liable for $2 billion in compensation sought by Churchill Mining for the revocation of a coal-mining concession, the World Bank's International Centre for Settlement of Investment Disputes (ICSID) ruled in a December 6 verdict.. The tribunal determined that Churchill's claim to the mine site — and therefore …
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Indonesia has 52,317 megawatts (MW) of operating coal power, surpassing South Africa in 2023 to have the fifth largest capacity globally. The country's 9,815 MW of coal capacity under construction exceeds all other countries except for China and India. Proposed new coal mining capacity in Southeast Asia continues to be dominated by Indonesia.
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— These interviews were conducted with an objective to understand the conflict dynamics linked to coal in Indonesia, specifically, the driver and outcomes of local …
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— Inauguration of the first underground coal mining activity in Indonesia at the PT location. Energy Resources (SDE)-1 West Kelumpang in Kotabaru, South Kalimantan, on Monday, December 18 2023. ... investment "directly from China in Indonesia amounted to $5.6 billion. The energy and mining industry, as the main areas of practical …
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— In 2022, permits for new coal power plants in China reached their highest level since 2015, according to a report from the Centre for Research on Energy and Clean Air (CREA), a think tank, and NGO …
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— Yet even as Indonesia invests in new coal plants, and mines, it has set a target to achieve net-zero emissions by 2060, or even sooner. How it weans itself off coal and boosts green energy ...
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— Kayan Hydro Energy, which counts China Power Investment Corp. as an investor, kicked off the project in 2014 at a groundbreaking event attended by top Indonesian military and government officials.
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— China and India will boost Indonesia's coal production in 2024, even beyond the target set this year, according to the Indonesia Mining and Energy Forum (IMEF). Indonesia plans to produce 710 million tons of coal in 2024. Government data shows that Indonesia's coal production hit a record high of 775 million tons last year.
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impact of Chinese investment in Indonesia, the Paramadina Public Policy Institute (PPPI) provides a more comprehensive analysis of the nature and characteristics of China's …
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— However, Chinese firms have dominated Indonesia's nickel sector thanks to significant investments. In 2023, Indonesia was the single biggest recipient of China's Belt and Road Initiative, receiving $7.3 billion in investment. Chinese companies have also constructed over 90 percent of Indonesia's nickel smelters. Chinese firms operating in …
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Berau Coal is the fifth largest coal producer in Indonesia. It engages in open cut mining of coal in its concession area in East Kalimantan, operating in three active mining areas – Lati, Binungan and Sambarata. Berau Coal supplies coal to customers in Indonesia, China, Hong Kong, India, Japan, South Korea, Taiwan, the Philippines and Thailand.
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— The Institute for Essential Services Reform, a think-tank, reckons combining coal shutdowns with clean-energy investment would cost up to $25bn a year through 2030. Indonesia spent just $3bn on ...
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— A coal plant under construction in Sulawesi, the island home to most of Indonesia's nickel deposits. The plant will provide electricity to an industrial park.
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— More critically, the Indonesian mining industry — of which coal is a core component — has been alleged to finance the political campaigns of prominent …
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— On the contrary, according to Ember's Global Electricity Review 2023, wind and solar energy are expected to replace coal by 2030, it will contribute to 41% of global electricity generation with ...
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— Coal imports into China are expected to recover in the last two months of the year and therefore various analysts say the coal price is able to touch beyond USD $97 per ton before the year-end. In October coal imports into China - the world's largest coal importer - had fallen by a whopping 24 percent (m/m) to 21.3 million tons due to the …
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investment commitments. Notably, Indonesia announced that it will stop building new coal-fired power plants from 2023. In parallel, China - one of the largest coal-fired power country investors in Indonesia, has also pledged to end the funding of coal-fired power plants overseas, including Indonesia. Indonesia's
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— Indonesia is the largest miner and refiner of nickel in the world, thanks to billions of dollars' worth of Chinese investment that poured into refining operations after the government banned the ...
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— China is the keystone of the global coal market. The Asian nation made up 54% of global consumption in 2022, with the main driver being thermal coal for power generation. The IEA estimates that China's coal-fired power generation increased by …
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— Indonesia burned 33% more coal in 2022 than the year before, contributing to a 20% increase in the country's carbon emissions from fossil fuels, an analysis of official data shows.
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— Singapore — The Indonesian Coal Mining Association and China National Coal Association have signed a memorandum of understanding in Jakarta to strengthen cooperation in the coal mining sector. "The collaboration framework is certainly in line with the government's efforts to develop trade exports of both countries and also investment …
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— The photo is sourced from intellinews The increased investments in coal mining are aimed at reducing dependence on coal imports, which make a major contribution to balancing the Chinese market during periods of high demand. According to the IEA, the share of imports in China's power-generating coal consumption in 2023 stood at 9% …
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• In 2019, China imported approximately 300 MT of coal, of which 147 MT coming from Indonesia (source: CNCA). During H1 2020, China is reported to import 85 MT of coal …
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— The Indonesian Coal Mining Association (APBI-ICMA) and China Coal Transportation and Distribution Association (CCTDA) have signed a co-operation in a form of memorandum of understanding (MoU) to increase the …
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However, outside China and India, where domestic production has been ramped up to reduce external reliance, there are no strong signs of reversal of the investment trends. Governments, banks and investors – as well as mining companies – continue to show, in general, a lack of appetite for investment in coal, particularly thermal coal.
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— Indonesian coal companies earned record profits in 2022 followed by healthy results in 2023. Five of the seven companies analyzed have opted to invest in non-coal …
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— In 2022, the government announced it would cancel more than 8 GW of new coal plants. Shutting down Indonesia's entire fleet of 118 coal plants by 2040 would require an estimated $37 billion. In ...
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— Qinfa Group Ltd., through PT Sumber Daya Energi (SDE) has so far disbursed a budget worth USD 300 million or the equivalent of IDR 4.6 trillion to build the …
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— World's top 50 mining companies end 2022 rock solid but Chinese stocks slide down the rankings despite surging coal and lithium prices, and Russian miners trading in Moscow finally succumb.
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— Coal prices are experiencing a remarkable rebound so far this year. On Thursday (15/09) the coal price touched USD $70.95 per metric ton (September delivery, ICE Futures Exchange), up about 53 percent from its position at the year-start. For Indonesia, a country that ranks among the world's biggest coal producers and exporters, …
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FIGURE 2: Chinese Investment in Indonesia by Sector (2010-2015) Electricity, Gas & Water Supply - 23.3% Trade & Reparation - 7.6% ... 270 80% PT Yiwan Mining 2012 Juni China Nickel Resources 1,260 61% PT Jhonlinto 2012 July Beijing Shenwu 420 N/A Titan Mineral 2012 July Beijing Shenwu 180 N/A Balinton
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