Market Brief
Indonesia's Kalimantan Coal Miners Review Projects, an Industrial Info Market Brief
Indonesian miners in the Kalimantan region, the country's coal mining hub, intend to review plans to increase capacity as coal prices remain bearish due to tepid seaborne demands. Chinese coal buyers remain cautious in procuring new coal amid existing import restrictions in various ports such as Fuzhou and Xinsha in south China. Expansion projects to boost production are looking tepid at the moment as Indonesia, with an initial coal production quota of 550 million tons in 2020, braces for a slower pickup in downstream demand from China after its COVID-19 outbreak. Industrial Info is tracking 40 capital coal mining projects in Indonesia worth $1.49 billion. Click here for a list.
Indonesian miners in the Kalimantan region, the country's coal mining hub, intend to review plans to increase capacity as coal prices remain bearish due to tepid seaborne demands. Chinese coal buyers remain cautious in procuring new coal amid existing import restrictions in various ports such as Fuzhou and Xinsha in south China. Expansion projects to boost production are looking tepid at the moment as Indonesia, with an initial coal production quota of 550 million tons in 2020, braces for a slower pickup in downstream demand from China after its COVID-19 outbreak. Industrial Info is tracking 40 capital coal mining projects in Indonesia worth $1.49 billion. Click here for a list.
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