Economics
Indonesia Plans to Cut Coal Output to Bolster Prices, Revenue
- Production target cut almost 10% to 550 million tons this year
- Domestic consumption seen rising to 155 million tons: ministry
AN open pit coal mine in Tanjung Enim, South Sumatera province, Indonesia.
Photographer: Dadang TriBloomberg
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Indonesia ordered coal miners to slash output after record production and exports from the world’s largest shipper last year weighed on prices and state revenue.