Fulfilling Domestic Needs, Indo Tambangraya Will Greatly Transfer Coal Quota

By : Hariyanto And Aldo Bella Putra | Wednesday, September 05 2018 - 03:00 IWST

Tambang Batubara (ist)
Tambang Batubara (ist)

INDUSTRY.co.id - Jakarta - PT Indo Tambangraya Megah Tbk (ITMG) is conducting discussions with partners regarding plans to meet domestic needs (DMO) of coal.

"The mechanism being negotiated is the possibility of transferring the coal quota," the management was quoted as saying from the IDX's information disclosure on Tuesday (04/09/2018).

The company estimates that in the fourth quarter of 2018 or at the latest in the first quarter of 2019 an evaluation of the fulfillment of DMO obligations will be carried out, together with the finalization of the plan.

The DMO obligation that has been carried out by the company until the first semester of this year is around 11%. At present, there is still a shortage of around 14% of the obligations set by the government.

Regarding demand from China, the company is still optimistic about the potential demand because the demand is very large. To meet internal needs, China only imports 5% of the total coal consumed.

"So, we still see a potential demand from China despite information about the decline in coal consumption," he said.

In line with China's economic growth, the percentage of coal usage in power plants in China will decrease, but in absolute amount will rise.

Until the end of this year, the company is optimistic that it can sell 100% of coal. The optimism is supported by a new market to Vietnam where the first sales of 700,000 tons were recorded in the second quarter 2018 performance. (Imq)

News Comment

Today's Industry

Dr Paul Gardner-Stephen, Senior Lecturer, College of Science and Engineering, Flinders University (Photo by ICT Days)

Kamis, 24 September 2020 - 15:15 WIB

NBN Co to Spend $3bn Upgrading Half of FTTN Network to Full Fibre

In particular, the original Fibre-To-The-Premises (FTTP) plan had several key advantages that this announcement is not able to solve.

Rena Chua, Bug Bounty Advisor at HackerOne (Photo by Linkedin)

Kamis, 24 September 2020 - 14:15 WIB

How COVID-19 Is Impacting Security

With this accelerated pace of digital transformation, CISOs had to quickly facilitate new needs — while ensuring the security of existing systems and newly-acquired collaboration tools.

Ilustration Asia-Pacific’s First and Largest Collaborative Robots Virtual Expo (Photo by Universal Robots)

Selasa, 22 September 2020 - 17:00 WIB

Universal Robots Hosts First Virtual Collaborative Robots Exhibition & Conference in Asia-Pacific

Gain actionable insights on flexible and cost-effective automation solutions addressing post-pandemic ROI and safety challenges for small & medium businesses.

Published BSIMM11, The Latest Version of The BSIMM (Photo by EEJournal)

Senin, 21 September 2020 - 18:30 WIB

Synopsys Publishes BSIMM11 Study Highlighting Fundamental Shifts in Software Security

BSIMM11 reflects the software security practices observed across 130 firms from multiple industry verticals including financial services, FinTech, independent software vendors, cloud, health…

New Cloud-Based Technology That Delivers Secure Remote Access (Photo by News Break)

Senin, 21 September 2020 - 17:15 WIB

Check Point Software Technologies Redefines Secure Remote Access for Enterprises

This technology will integrate with Check Point´s Infinity architecture, and become the easiest and most secure solution for enterprises need to enable employees´ secure remote access to any…