Search Results
Coal Mining Exploration Forecast Probably not so hot anymore
The recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher supplies are expected on China’s higher exports as domestic consumption [...]
Indonesia Could Become World’s Top Exporter of Coal Used to Generate Electricity This Year
Indonesia has quietly become the world’s second-largest exporter of coal used to generate electricity and could potentially challenge Australia for the top spot this year, analysts and industry officials say.
But growing domestic demand for energy in Indonesia and stagnating foreign investment have cast doubt on the country’s ability to take advantage of expanding demand for [...]
M3nergy eyes more upstream O&G jobs
KUALA LUMPUR: The global thirst for oil has driven crude oil prices to record level and in turn, made marginal oilfield development a potentially lucrative business for contractors like M3nergy Bhd.
“The project secured in India is an opportunity for M3nergy to move higher upstream,” its managing director and chief executive officer Datuk Shahrazi [...]
Indonesia’s sinking economy
Indonesian government officials and foreign analysts are excessively optimistic about the country’s medium-term economic outlook. Economic growth in 2005 was much weaker than indicated by Indonesia’s questionable national-accounts statistics. In 2006, economic growth will struggle to reach 3%, while an economic recession appears likely in 2007. Much weaker-than-expected economic growth could accelerate capital flight and [...]
Xstrata, Japan agree steady Australia coal price
Coal miner Xstrata Plc has agreed with major Japanese utilities to keep its Australian thermal coal prices steady this year at about $52,50 a tonne, setting a likely industry benchmark after drawn-out talks.
The price for supplies in the Japanese fiscal year to March 2007, coming more than three months after it was meant to have [...]
