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Indonesia's Adaro's 2019 coal output seen at 54-56 million tonnes - CEO

Coal News - Published on Thu, 13 Dec 2018

Image Source: ETEnergyworld.com
Reuters cited Mr Garibaldi Tohir CEO of PT Adaro Energy Tbk, one of Indonesia's largest coal miners, as saying that the company is estimated to produce 54-56 million tonnes of coal in 2019, the same amount as estimated for 2018. Mr Tohir said the market condition would remain challenging in 2019 due to lingering threat of trade war between the United States and China and Chinese coal import restrictions

Mr Tohir said that "The trade war is not over, the impact will spread everywhere," adding that the company would ramp up efforts to diversify its market, where China currently accounts for 13 percent of its sales

Source :

Posted By : Rabi Wangkhem on Thu, 13 Dec 2018
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