PT Indo Tambangraya Megah Tbk (ITMG) is one of the leading coal producing companies in Indonesia. The company's main businesses include integrated coal mining, coal processing and operational logistics. The mining locations of Indo Tambangraya Megah are spread across six concession areas, all of which are currently operational and productive. Four concession areas are located in East Kalimantan, one in South Kalimantan, and the other one in both East and Central Kalimantan.

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In order to increase government revenues, the Indonesian government announced that, starting from 2014, coal miners that have a Mining Business License (Izin Usaha Pertambangan/IUP) will have to pay a higher royalty fee to the central government. The decision was made during a meeting between the government and Commission XI of the House of Representatives (DPR) this week. The new royalty policy, which was originally planned to be introduced this year, is expected to result in an increase of IDR 4 trillion (USD $408.2 million) in state revenues.

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Indonesia's coal production is projected to increase 4.4 percent to 400 million tons this year, up from the government's initial forecast of 390 million tons. According to Bob Kamandanu, chairman of the Indonesian Coal Mining Association (Asosiasi Pertambangan Batubara Indonesia, APBI), this growth will be spurred by increased demand from Japan, South Korea, Thailand and Taiwan in June. The coal price is expected to increase accordingly in the middle of the year.

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Declining profit in Indonesia's coal industry was also confirmed by Adaro Energy's (ADRO) net profit of 2012. The coal mining company reported net profit of US $385.34 million, a 30 percent fall compared to 2011 when it amounted US $550.35 million. Earnings per share also declined from US $0,01721 in 2011 to US $0,01205 in 2012. Lower sales volume and lower global coal prices were cited as the major factors behind the decline.

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The Bakrie Group is most likely to continue its separation from Bumi Plc, the London-listed coal miner, after an extraordinary shareholders' meeting yesterday rejected the proposal of British financier Nathaniel Rothschild to replace 12 of the 14 board members. This outcome means that the Bakrie Group can go ahead with its intention to separate from Bumi Plc as agreed by the board last week and will keep its assets in Bumi Resources, Indonesia's largest coal miner.

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Organized by China Decision Makers Consultancy (CDMC) Events, the 12th Clean Coal Forum Indonesia 2013 will be held on Wednesday 4 and Thursday 5 December 2013 in the Pullman Jakarta Indonesia Hotel (located at the most prestigious part of Jakarta's Central Business District). This event will generate some valuable advices to assist you to gauge the pulse of this ever-changing industry while grasping the latest and most advanced clean coal technologies, particularly in the Asia Pacific market.

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Concerns have arisen over the government's plan to increase royalties and export duties for coal. The Indonesian Coal Mining Association (APBI) expects that this policy will lead to the closure of various coal miners while increasing acts of illegal mining. According to Bob Kamandanu, chairman of the APBI, 60 million tons of coal per year is not listed by any authority and thus can be labeled 'illegal'. Illegal coal mining also implies that the Indonesian government misses out on about IDR 5.6 trillion (USD $495.6 million) per year.

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On the very last trading day of May (31/05), Indonesia's main stock index (IHSG) closed at 5,068.63 points. During the month, the index showed a volatile performance as it reached its peak at 5,251.29 and its low at 4,907.59 points. Overall, the IHSG continued to rise in May despite various negative sentiments. Foreign investors recorded a net sell of IDR 7.9 trillion (USD $806.12 million). However, optimistic domestic investors kept Indonesia's index in the green zone.

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The pace of the upward movement of Indonesia's main stock index (IHSG) was beyond expectation. While American and European stock indices were weak on Thursday (16/05/13) and Hong Kong's HSI as well as South Korea's KOSPI were closed due to holidays, it did not bring a negative impact on the IHSG. Particularly consumer and coal miner stocks supported the IHSG's rise. At the end of Friday's trading day (17/05/13), the IHSG hit a new record high level: 5,154.68 points, an 1.32 percent increase.

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The chairman of the Indonesia Coal Mining Association said that Indonesia's coal exports are expected to increase from 310 million tons in 2012 to 330 million tons in 2013, a 6.5 percent increase. Coal producers have been facing a tough period since July 2008 when global coal demand weakened and triggered volatile - but mostly declining - coal prices ever since. Coal demand from China and India, however, is expected to increase this year.

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Yesterday it was announced that the Bakrie Group, one of Indonesia's most controversial and richest conglomerates, has signed a heads of terms agreement that sets out conditions for the Bakrie's withdrawal from London-listed coal miner Bumi Plc. Bumi Plc, having the largest coal deposits in Indonesia at its disposal, was established in 2010 by British financier Nathaniel Rothschild and the Bakrie Group to bring coal assets to European investors.

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