Adaro Energy & Bukit Asam to Build Coal-Fired Plants
Two of Indonesia's biggest miners are building power stations to reignite coal demand and counter a drop in global prices that has squeezed industry-wide profit margins to their slimmest in a decade and dulled the appeal of exports to top consumer China. Privately owned PT Adaro Energy, Indonesia's second biggest coal miner by revenue, and the government-run PT Bukit Asam are taking the lead in trying to bu ...
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