Monday, 20 April 2009

Coal industry to slow down

The performance of the coal mining industry in 2009 is predicted to slow down, as signaled by the revisions done by a number of companies for their investment and production. One of them is Berau Coal, who will cut its capital expenditure this year up to 65%. Such consequence has to be taken related with the declining commodity price in the international market – the current price is US$ 63-70/ton, while in July 2008 the price was US$ 190/ton – and the stagnant demand from abroad.
Source: PA Asia - Public Affairs and CSR from Bisnis Indonesia, 15 April, p.4

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