TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Miners eye lucrative prospects in coking coal

News Desk (The Jakarta Post)
Jakarta
Tue, March 19, 2019

Share This Article

Change Size

Miners eye lucrative prospects in coking coal A backhoe loads coal onto a heavy duty truck at an Adaro Energy mine in Kalimantan. (Courtesy of http://www.adaro.com//-)

C

oal miners are looking to boost coking coal production in line with projected growth in the steel industry and the construction and manufacturing sectors, which require the substance as an energy source.

“We project that steel production will grow moderately this year in line with global economic growth,” said coal miner PT Adaro Energy spokeswoman Febriati Nadira over the weekend as quoted by kontan.co.id.

She said through two of PT Adaro Energy’s subsidiaries, Adaro MetCoal Companies (AMC) and Kestrel Coal Resources Pty, the company wanted to boost production of coking coal.

She said Adaro MetCoal Companies (AMC) planned to produce 1 million tons of coking coal, the same amount as last year, while Kestrel Coal Resources Pty aimed to produce 6.5 million tons this year, 39 percent more than last year’s production of 4.67 million tons.

Febriati expressed hope Adaro would boost its coking coal exports to India, Europe, Brazil, Vietnam and Japan. Nadira noted that India’s coking coal market grew significantly this year on the back of increased activity in the construction and the manufacturing sectors.

“The coking coal produced by Adaro MetCoal is to be exported to Japan, Thailand, Indonesia, India, China and Europe,” she said, adding that the coking coal produced by Kestrel would be mostly exported to Japan.

Meanwhile, Astra Group’s PT United Tractors, through its subsidiary PT Suprabari Mapanindo Mineral, also planned to produce 1.5 million tons of coking coal this year, which was higher than last year’s production of 807,000 tons.

“We exported coking coal to Japan,” said Sara K Loebis, United Tractors corporate secretary, adding that the demand for coking coal would increase this year.

PT Golden Energy Mines, is another player in the coking coal industry. The company, through Golden Energy and Resources Limited (GEAR) acquired a coking coal mine from Stanmore Coal in Australia worth US$202 million. (bbn)

{

Your Opinion Counts

Your thoughts matter - share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.