Indonesia needs a grant of about 1.5 billon USD from the International Partnership Group (IPG), including the US, Japan, Canada, Denmark, the European Union (EU), France, Germany, Italy, Norway and the UK to terminate coal mining and production under the Just Energy Transition Partnership (JETP)'s framework.
The Vietnam National Coal - Mineral Industries Group (Vinacomin) and Kushiro Coal Mine Co. Ltd, an affiliate of Japan’s Oil, Gas and Metals National Corporation (Jogmec) signed an agreement on the training of safe technology and coal mining for the 2023 fiscal year in Hanoi on May 16.
Coal mining enterprises are bullish about their business operations on high coal demand, after positive results in the first quarter of 2022 with many exceeding targets.
Thailand's biggest coal mining company Banpu has invested 430 million USD to acquire a 100 percent stake in a large-scale gas-fired power plant in the US, hurrying to move away from its main business, which has a large environmental impact, to a green business.
As mining activities are seasonal and affected by the weather, revenue and profit of coal mining businesses have fluctuated continuously over the past 10 years.
The Cambodian Ministry of Mines and Energy is set to review applications soon for rights to four coal mining concession areas it opened late in March in the northern region of the country, the Phnom Penh Post reported.
Geological and mining experts recently debated the feasibility and economic and social impacts of the exploitation of the Red River Delta coal basin, which has estimated reserves a hundred billion tonnes of coal.
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced over 20 million tonnes of raw coal and 19.3 million of clean coal from the beginning of 2018.
Director of the Vietnam Institute of Economics Tran Dinh Thien has called for taking new approach to energy strategy, with saving energy in production and consumption as compulsory.
The index of industrial production (IIP) in January surged 20.9 percent against the same month last year, partly due to the long Lunar New Year holiday falling in February this year.
Listed coal producers recorded profits during the 2nd quarter and first half of 2017, but the second half of the year may not be so promising due to large stockpiles, adverse weather and barriers.
