Several Indonesian coal miners have set a modest growth in coal production this year amidst fears of corona virus outbreak that has disrupted supply chain system, Kontan newspaper reported citing various documents from the country’s coal miners.
Leonardus Herwindo, head of corporate communication at Indika Energy (IDX INDY) said that the company had set a lower production target this year as it expected a possible slowing demand from its main overseas buyer, China. The company produced 34 MT of coal last year with the bulk of it sold to China, Kontan reported.
Golden Energy Mines (IDX GEMS) and Indo Tambangraya Megah (IDX ITMG) have set lower coal production targets this year as compared to last year, according to Kontan.
Bumi Resources, (IDX BUMI), the country’s largest thermal coal producer, is the only coal producer that set a slight growth in its coal production.
| 2019 (Actual Output) | 2020 (Target Output) | |
| Adaro Energy | 58.03 | 54-58 |
| Bukit Asam | 29.1 | 30.3 |
| Bumi Resources | 86.3 | 90.62 |
| Golden Energy Mines | 30.8 | 27.2 |
| Indika Energy | 34 | 30.95 |
| Indo Tambangraya Megah | 23.4 | 19-20 |
| Toba Bara Sejahtra | 5 | 4-5 |
N.B.: All quantities are in MT.
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