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Indonesia is expecting lower coal production in 2017 as smaller companies in the country struggle with low coal prices, Reuters reported. As quoted in the publication: Reduced output from the Southeast Asian nation could provide some support to prices that hit their lowest in 10 years earlier in 2016 due to slowing demand, new supply …
Indonesia is expecting lower coal production in 2017 as smaller companies in the country struggle with low coal prices, Reuters reported.
As quoted in the publication:
Reduced output from the Southeast Asian nation could provide some support to prices that hit their lowest in 10 years earlier in 2016 due to slowing demand, new supply from South America and depressed oil prices.
“It’s natural selection. The small mines that are not efficient will not be strong and will die,” Bambang Gatot, director-general of coal and minerals, told reporters at an industry event.
Smaller miners are expected to find it difficult to market their coal and “will face obstacles”, Gatot said.