Jul 18, 2011

82 Mio tons to supply local coal market

Coal miners have to supply the local market needs for the commodity of 82 million tons, a 3.88% increase of 79.97 million tons to be supplied under the domestic market obligation this year. 
The supply increase is boosted by higher demand from power plants that have been independently operated by private companies in partnership the state-controlled power producer PT Perusahaan Listrik Negara (PLN).  
Thamrin Sihite, Director General of Mineral and Coal at Ministry of Energy and Mineral Resources, as quoted by Kontan daily today said the increase has counted the need of the local industries. 
The coal production from miners in 2012 is estimated to increase 23% to 332 million tons. About 75.91% of the production may be exported and the remaining may supply the local market need.
 
Disclosure: No position at the stock mentioned above.  

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