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    coal investing

    Coal-Fired Plants in Indonesia To Purchase 63 Million Tons Coal in 2012

    Investing News Network
    Jun. 06, 2012 11:26AM PST
    Industrial Metals Investing

    Bloomberg reported that Indonesia’s coal-fired power plants are expected to buy 10% more coal than originally forecast for this year.

    Bloomberg reported that Indonesia’s coal-fired power plants are expected to buy 10% more coal than originally forecast for this year.

    As quoted in the market news:

    Indonesia will need an estimated 57.3 million tons of coal in the country’s power plants this year, said Helmi Najamuddin, head of the coal division at Jakarta-based PT Perusahaan Listrik Negara, in an interview yesterday.

    Click here to read the full Bloomberg report.

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