Minister: National Mineral Industry Transformation Plan 2020-2030 to be launched in Jan 2021
KUALA LUMPUR, Dec 22 ― The National Mineral Industry Transformation Plan 2020-2030 is expected to be launched in early January (2021) to strengthen the development of the country’s mineral industry which is currently valued at an estimated RM4.11 trillion.
Market for coal remains vibrant in Philippines
The market for coal—the trading and use of the fossil fuel—continues to be vibrant in the Philippines despite global efforts to reduce carbon dioxide emission and the government’s recent announcement of a moratorium on new coal projects.
Indonesia sees decreased investment in energy, mining
Indonesia has attracted an estimated 22.33 billion USD in investment in energy and mining in 2020, lower than 31.9 billion USD recorded last year and the target of 36 billion USD set for 2020, according to Ministry of Environment and Mineral Resources (EMR).
Myanmar President Orders Mining Firms to Publish Contracts, Boosting Transparency
YANGON — Myanmar’s president has instructed the government, state-owned enterprises and private companies involved in the country’s extractive sector to publicly disclose any contracts from Jan. 1.
Indonesia 2020 coal consumption estimated at 140-145 mln tonnes- official
JAKARTA, Dec 15 (Reuters) – Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, told a virtual conference on Tuesday.
TNB says coal-fired power plant revenue will not exceed 20% by 2030 on cleaner-energy transition
KUALA LUMPUR (Dec 15): Tenaga Nasional Bhd (TNB) said its major coal-fired power plants’ power purchase agreements are expiring “with no like-to-like replacement” and that the government-controlled utility’s coal-fired power plant revenue contribution will not exceed 20% of total group revenue by 2030 in line with the company’s transition to cleaner and sustainable energy.
No request for REE mining yet
The Department of Environment (DOE) has not received applications for any rare-earth elements (REE) mining activities, Environment and Water (KASA) Minister Datuk Tuan Ibrahim Tuan Man says.
CIMB to phase out coal financing by 2040
[KUALA LUMPUR] Malaysia’s CIMB Group on Tuesday committed to phase out coal from its portfolio by 2040, saying it was the first banking group in Malaysia and Southeast Asia to do so.
