Posts Tagged ‘coal’

Indonesia to Hold Coal Output Steady Despite Price Rally

Monday, August 8th, 2016

Indonesian thermal coal miners will be unable to ramp up output this year due to logistical and debt constraints, despite a strong price rally in recent months, the Indonesian Coal Mining Association said.

Global thermal coal prices have risen sharply on an unexpected jump in imports from top consumer China as it curbs local capacity, as well as demand from other emerging Asian markets and even developed economies, particularly South Korea.

However, Indonesian coal producers that slashed output in recent years due to slumping prices are not expected to be in a position to quickly boost output, association chairman Pandu Sjahrir told news agency Reuters.

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