Tag: Adaro
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Indonesia: Adaro Energy’s Net Earnings dropped by 47%
Indonesia’s one of the biggest coal producers, Adaro Energy’s net earnings dropped by 47% during January-September, 2013. During January-September, Indonesia’s leading coal miner, Adaro’s net earnings dropped to USD 183 million from previous years USD 346 million for the same period. Lower coal cost and increased coal sales were unable to compensate weak coal prices.…