The turmoil in global economic crisis has not abated. Business
actors coal began to fret for the worst.Chairman of Indonesian Coal Mining
Association (APBI), Bob Kamandanu, said it continues to examine the influence
of the current crisis in the USA and Europe on the economy of China is the
largest coal export market Indonesia.
"We know, the USA and Europe is China's main export market of China. So, if the crisis in the USA and Europe deteriorates then Chinese exports will be threatened and the Chinese economy will slow, "Bob said in Jakarta last weekend.
According to Bob, is currently awaiting entrepreneurs crucial moment in November, because that's when negotiating coal contracts for 2012 will be conducted. "In negotiating contracts, it will be known how great OPPORTUNITY coal markets in China and whether the current global economic crisis made in china coal market decline", he said.
Even so, says Bob, one of which is quite comforting fact is that during this coal from Indonesia exported more to China for the needs of power generation and home industry and not for large industrial plants so that if Europe and the USA economic crisis worsens and the economy China experienced its effects, the most affected sectors are the major industries in China for export purposes.
Because of this, Bob continued again, this time his side (APBI) has not set up special measures to anticipate the threat of disruption of coal exports to China. "To date, contracts were still being met.Coal prices also tend to be stable and stagnant at USD 120 per tonne. So demand is still relatively stable, "says Bob.
Ministry of Energy and Mineral Resources (ESDM) noted, currently 75 percent of the total Indonesian coal production is for export mainly to the destination country China, Japan, Taiwan, South Korea, India and Europe.
In the past five years, Indonesia's coal production increased 16 percent per year. Majority of coal production is produced by mining companies operating in South Sumatra, South Kalimantan, East Kalimantan and central Kalimantan. Indonesia currently has the resources to 105 billion tonnes of coal outside the reserve of 21 billion tons.
"We know, the USA and Europe is China's main export market of China. So, if the crisis in the USA and Europe deteriorates then Chinese exports will be threatened and the Chinese economy will slow, "Bob said in Jakarta last weekend.
According to Bob, is currently awaiting entrepreneurs crucial moment in November, because that's when negotiating coal contracts for 2012 will be conducted. "In negotiating contracts, it will be known how great OPPORTUNITY coal markets in China and whether the current global economic crisis made in china coal market decline", he said.
Even so, says Bob, one of which is quite comforting fact is that during this coal from Indonesia exported more to China for the needs of power generation and home industry and not for large industrial plants so that if Europe and the USA economic crisis worsens and the economy China experienced its effects, the most affected sectors are the major industries in China for export purposes.
Because of this, Bob continued again, this time his side (APBI) has not set up special measures to anticipate the threat of disruption of coal exports to China. "To date, contracts were still being met.Coal prices also tend to be stable and stagnant at USD 120 per tonne. So demand is still relatively stable, "says Bob.
Ministry of Energy and Mineral Resources (ESDM) noted, currently 75 percent of the total Indonesian coal production is for export mainly to the destination country China, Japan, Taiwan, South Korea, India and Europe.
In the past five years, Indonesia's coal production increased 16 percent per year. Majority of coal production is produced by mining companies operating in South Sumatra, South Kalimantan, East Kalimantan and central Kalimantan. Indonesia currently has the resources to 105 billion tonnes of coal outside the reserve of 21 billion tons.
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