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.
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.
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.
The Indonesian government’s delay in issuing trading permits has disrupted commodity exports from the country including coal, officials said.
Indonesia’s association of coal companies is “optimistic” its target of exporting 340 million metric tons this year can be met, AsiaPulse News reported, citing chairman Bob Kamandanu.
Shares of the following companies had unusual moves in Indonesian trading . Stock symbols are in parentheses, and prices are as of the 4 p.m. Jakarta-time close.
"The government has so far only requested miners limit production, but it does not apply any clear regulation."
- Bob Kamandanu on Mar 31, 2014