India Eyes Coal Reserves In Indonesian Papua

India Eyes Coal Reserves In Indonesian Papua

As it seeks to diversify its sources of fuel, India is looking to get in on the ground floor of coal mining in previously unexploited deposits in Indonesian Papua.

In exchange for technical support and financing for geological surveys, officials say India is pushing for special privileges, including no-bid contracts on any resulting concessions — a prospect that could run afoul of Indonesia’s anti-corruption laws.

The details of an Indian mining project in Papua are still being negotiated, but Indonesia’s energy ministry welcomes the prospect as part of a greater drive to explore energy resources in the country’s easternmost provinces. In the future, the ministry hopes mining for coking coal will support the domestic steel industry, while also bringing economic benefits to locals. Read More

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