Indonesia, the world’s biggest exporter of thermal coal, proposed doubling royalties for some miners next year, threatening margins at companies that produce about 20 percent of the nation’s supplies.
China is unlikely to implement a proposed ban on imports of lower-quality coal, according to three mining companies in Indonesia, the world’s biggest exporter of the power-station fuel.
Coal output from Indonesia, the world’s largest exporter of the fuel for power stations, may be 2.5 percent lower than initial forecasts this year as miners slow expansion amid lower prices.
Regulations by Indonesia to protect the environment and to designate mining areas may reduce production from the world’s biggest exporter of power plant coal, an official said.
Coal output from Indonesia, the world’s largest exporter of the fuel for power-stations, may rise by 5.2 percent this year.
Indonesia’s first-quarter coal production was below target after rains disrupted mining, said Bob Kamandanu , chairman of the Indonesian Coal Mining Association.
Indonesia, the world’s second- largest coal exporter, may miss its 2010 production target for the fuel after a longer-than-usual rainy season disrupted mining, according to an industry group.
PT Berau Coal expects to produce 17 million metric tons of thermal coal this year and may increase its output to 30 million tons in 2014 because of rising demand from India, a company official said.
Indonesia, the world’s largest thermal coal exporter, expects to boost output in 2012 as domestic and Asian demand rises, the chairman of the Indonesian Coal Mining Association said.
Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the close in Jakarta.
"Growth is still happening in big producers, however, idle capacity in other mines offsets this production growth."
- Bob Kamandanu on Jun 02, 2013