Adaro Energy Chief Says Coal at $100 a Ton Is New Normal
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PT Adaro Energy, Indonesia’s second-biggest producer of power-station coal, said miners will have to adjust to prices of about $100 a metric ton, which is half a peak reached in 2008.
“The new normal, I think, would be $95 to $100 a ton, based on the marginal cost of production in the region,” Adaro Energy President Director Garibaldi Thohir said in an interview.