Friday, 12 June 2009

January-April coal exports fall 22.5% on year

Coal exports dropped to 53.5 million metric tons during the first four months of the year from 69.04 million tons a year before, government data showed Tuesday, Dow Jones reported.
Despite the 22.5% drop in volume, earnings from overseas sales rose 21.6% to $3.44 billion from $2.83 billion, the Central Bureau of Statistic said.
Indonesia produced 30 million tons of coal in the first quarter, or only 67% of the target set for the period, due to heavy rains and sharply lower global prices, a government official said last month.

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