Thursday, December 9, 2010

Straits Asia

Straits Asia: Indonesian govt forecasts coal output will increase by +19%YoY next yr as drier weather enables miners to ramp up production amid growing regional demand. Expect production of 327m tons next yr vs 275m tons YoY….

Indonesian miners forecast Indonesia coal production growth in 2009-2015 to be around 11%/yr and mostly from the major producers as well as newcomers. Tip supply to be sufficient to meet both the domestic and overseas mkts. Highlights investment by major buyers India and China in Indonesia's coal sector is expected to grow next yr as they are struggling to secure supply.

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