Indonesia govt keeps coal output forecast at 332m/t in 2012

24-Mar-2012 Intellasia | Reuters | 7:01 AM Print This Post

Indonesia’s coal production will rise 1.5 percent to 332 million tonnes this year, unchanged from a previous forecast, Thamrin Sihite, the director general of coal and minerals, said on Thursday.

Indonesia, the world’s largest exporter of thermal coal, produced 326.7 million tonnes last year, according to government data.

“The target for coal is still the same as last year,” Sihite told Reuters. “If there is a change, we will announce it.” The forecast is the same as one given in November last year.

This year, Southeast Asia’s largest economy has announced a flurry of new rules for the mining and resources industry, including limits on foreign ownership in mines and a ban on exports of some metals and minerals by 2014.

The Indonesian Coal Mining Association sees output rising 8.3 percent to 390 million tonnes in 2012, with producers set to ramp up output to feed growing demand in China and India.

http://www.reuters.com/article/2012/03/22/indonesia-coal-output-idUSL3E8EM4CI20120322

 


Category: ResourceAsia

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