Energy demand boosts Indonesian coal mines

Bayan Resources yesterday highlighted the interest investors are taking in Indonesia, the world’s largest thermal coal exporter, when it announced plans to raise up to $695m by floating 25 per cent of its shares on the country’s stock exchange next month.

With countries including China looking for alternatives to oil, global demand for Indonesia’s largely low-grade thermal coal, used mostly in power stations, is surging, helped by the fact that suppliers, including Australia and South Africa, can no longer meet demand.
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Top financials and reserves boost for Bumi

Indonesia’s largest coal producer PT Bumi Resources, has reported its best-ever quarterly financial results – alongside a near-one-third boost to coal reserves at its Kaltim Prima Coal concession in east Kalimantan.
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