Indonesia coal miners assoc cut 2020 production target by 15pct-20pct

02-Jul-2020 Intellasia | Reuters | 6:02 AM Print This Post

The Indonesian Coal Miners Association said in a statement on Wednesday members would cut their 2020 production by between 15%-20 percent from an earlier target to support prices amid low demand due to coronavirus pandemic.

Indonesia had initially set an output target of 550 million tonnes this year.

“Hopefully this production cut can prop up global coal prices by reaching a balance of supply and demand in the global seaborne market,” the statement said.

https://af.reuters.com/article/energyOilNews/idAFL4N2E80UI

 


Category: Indonesia

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