Burned by China, Indonesia coal miners turn to power stations

Two of Indonesia’s biggest miners are building power stations to reignite coal demand and counter a drop in global prices that has squeezed industry-wide profit margins to their slimmest in a decade and dulled the appeal of exports to top consumer China.

Privately owned PT Adaro Energy, Indonesia’s second biggest coal miner by revenue, and the government-run PT Bukit Asam are taking the lead in trying to burn some of the extra coal piling up in global markets as China’s economic slowdown reduces its need for the fuel.

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Posted September 17, 2013 by repit in News

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