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Bukit Asam Eying Coal Exports to Brunei Darussalam amid Indian Slowdown

Coal News - Published on Thu, 16 Jul 2020

Image Source: Bukit Asam Coal Export Brunei Darussalam
Indonesian coal miner PT Bukit Asam is preparing to expand its market to Brunei Darussalam, a neighbouring market never ventured before. Corporate secretary Mr Apollonius Andwie C said the corporate strategy is motivated by the low coal demand in traditional markets, such as India, that are experiencing high numbers of Covid-19 infections. He said "In the future, Brunei can be a long-term market."

Mr Apollonius added that the lockdown in India has disrupted coal export activities as ports were closed. As a result, Bukit Asam's export fell by about 20 percent.

Indonesia is targeting to export 400 million tonnes of coal this year. As of May 31, only 175.15 million tonnes have been actualized, a decline of 10 percent compared to the same date last year. The government is now intensively approaching new markets, including Bangladesh, Vietnam, Pakistan, and Brunei Darussalam.

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Posted By : Yogender Pancholi on Thu, 16 Jul 2020
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