Coal Cooperation Agreement Indonesia

In addition to Adaro, Indonesia`s second largest coal mine, the other companies that signed were PT Santan Batubara, a unit of Indika Energy, and PT Pendopo Energi Batubara, a unit of Bumi Resources. The MoU was signed as part of the renegotiation process of the Coal Cooperation Agreement (CCA), in accordance with Article 169 of Coal Mines and Coal Mines Act 4 of 2009, which is preceded by an agreement on six strategic issues: “The MoU is consistent with our main objective of creating maximum sustainable value from Indonesian coal. The keywords are consistent with our desire to be an asset to our country. We will continue to provide positive energy to all our stakeholders for many years to come, while contributing to nation-building.¬†Bannerbild: Activists and students protested against the adoption of the Mining Act on 12 May 2020 in front of the Indonesian Parliament. Photo courtesy of the Clean Up Indonesia coalition. At a virtual event attended by representatives of several national coal producers, Sjahrir praised the government`s support for trade and investment cooperation in the coal industry, an industry that contributes significantly not only to government revenues, but also to countries` energy security. Thanks to this cooperation, domestic coal producers are optimistic for 2021, although the global coal market is not expected to fully recover to 2018-2019 levels. Activists say the provision would benefit seven large private companies whose permits are nearing expire. These include the PT Arutmin Indonesia coal mines (whose licence expires in November 2020), PT Kaltim Prima Coal (2021), PT Kendilo Coal Indonesia (2021), PT Multi Harapan Utama (2022), PT Adaro Indonesia (2022), PT Kideco Jaya Agung (2023) and PT Berau Coal (2025). JAKARTA, Jan 17 (Reuters) – Indonesia`s Ministry of Mines on Wednesday signed amended contracts with 18 coal companies, including PT Adaro Indonesia, as part of a shift to a new mining licensing system aimed at boosting government revenues. With regard to cooperation between APBI and CCTDA, several other important discussions took place, such as an agreement. B on the volume of Indonesian exports to China by 2021.

In this cooperation, it is also necessary to establish a price index that can be negotiated regularly as a reference price for coal imports from Indonesia to China. The agreement is expected to provide benefits to coal industry players in terms of the security of coal exports to Indonesia and China, providing positive sentiment to support Indonesia`s domestic economic recovery. “With these changes, companies will continue to benefit in the long run if we sign, while the price of coal is high. If (prices are low) are low, it is more difficult to sign,” Energy and Mineral Resources Minister Ignasius Jonan said at the signing ceremony. APBI members exporting coal to China, namely Adaro, Bukit Asam, Kideco, Indo Tambangraya Megah, Multi Harapan Utama, Berau and Toba Bara, also participated in the signing of the APBI-CCTDA cooperation. In addition, representatives of the PRC Embassy as well as the China National Coal Association (CNCA), a Chinese coal industry association that last year signed a moU with APBI in Jakarta, were also seen at the meeting. Indonesia`s Mining Act 2009 requires companies to enter into employment contracts, long-term agreements with specific rules, including taxes, to more recent special authorizations for the mining industry, which are generally in accordance with current legislation. In the protocol signed by APBI President Pandu Patria Sjahrir and his CCTDA partner, Liang Jia Kun, both agreed to sign a coal contract for 2021 and committed to implementing the content of the contract.