Coal output from Indonesia, the world’s largest exporter of the fuel for power-stations, may rise by 5.2 percent this year.
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.
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.
Coal prices from South Africa are poised to reverse a four-month decline and may rise to a near a two-year high as sales surge to India and China, the world’s fastest-growing major economies.
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.
Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
The price of coal shipped from South Africa’s Richards Bay Coal Terminal, the continent’s largest export facility for the fuel, fell to the lowest in six weeks as buyers opted for Indonesian supplies.
"Indonesian producers managed to maintain production growth last year amid price distress."
- Bob Kamandanu on Feb 19, 2013