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Recently, Bambang Gato, director general in charge of mining at Indonesia's Ministry of Energy and Mineral Resources, said that Indonesia's coal production so far is 323 million tons, down 13%
from the same period last year.
Coal production is expected to fall by about 20%
this year.
More than two-thirds of Indonesia's coal is exported, and the government's benchmark coal price fell 15 percent from $54.
42 a tonne at the start of the year, the biggest year-on-year decline since 2009
, as demand for coal from overseas fell sharply.
Bambang Gato said that due to the weak global fossil fuel prices, Indonesia's coal mining industry took the initiative to cut production, and it is unlikely that it will achieve the 425 million tons planned at the beginning of the year, "as long as the price does not rise, the downward pressure on production will continue"
.
Recently, Bambang Gato, director general in charge of mining at Indonesia's Ministry of Energy and Mineral Resources, said that Indonesia's coal production so far is 323 million tons, down 13%
from the same period last year.
Coal production is expected to fall by about 20%
this year.
More than two-thirds of Indonesia's coal is exported, and the government's benchmark coal price fell 15 percent from $54.
42 a tonne at the start of the year, the biggest year-on-year decline since 2009
, as demand for coal from overseas fell sharply.
Bambang Gato said that due to the weak global fossil fuel prices, Indonesia's coal mining industry took the initiative to cut production, and it is unlikely that it will achieve the 425 million tons planned at the beginning of the year, "as long as the price does not rise, the downward pressure on production will continue"
.
