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Indonesia Coal Miners Seek Output Cuts as Prices Hit 8-Year Low

Indonesian coal miners say the government should cut this year’s production target by at least 12 percent to boost global prices that have fallen to the lowest in almost eight years.

The world’s largest exporter of power-station coal should reduce output by at least 50 million tons this year and keep exports at a maximum of 300 million tons, Bob Kamandanu, the chairman of the Indonesia Coal Mining Association, said in an interview on Jan. 19. Indonesia plans to produce 425 million tons of coal this year and targets exports of 333 million tons, R. Sukhyar, a director general with the Ministry of Energy and Mineral Resources said Jan. 6.