Wednesday, 02 Nov 2011
Reuters reported that PT Kideco Jaya Agung, a unit of PT Indika Energy and Indonesia third biggest coal miner is set to produce 34 million tonnes of coal this year up by 17% from 2010.
Mr Richard Lee Kideco managing director told Reuters that the company aims to produce 43 million tonnes of coal by 2016 to tap growing demand from India and China.
He said that "Our target is to produce 43 million tonnes in five years, adding that the company has already invested in infrastructure to increase its capacity.”
(Sourced from Reuters)
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