SOURCE: Industrial Info Resources

Industrial Info Resources

November 15, 2013 06:30 ET

Indonesian Miners Freeze Development as Coal Prices Tumble, an Industrial Info News Alert

MANILA, PHILIPPINES--(Marketwired - Nov 15, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Coal-mining companies in Indonesia have put their expansion projects on hold for the short- to medium-term due to low coal prices, which were caused by a surplus from China's waning economy. Three of PT Golden Energy Mines Tbk's expansion projects were put on hold, shelving a $70 million plan to increase output by 2 million metric tons per year.

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