Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Indonesia to miss 2021 coal output target, minister official says

10/22/2021 | 06:25am EST
Trucks load piles of coal at a coal mining site in Berau, in Indonesia's East Kalimantan province

JAKARTA (Reuters) - Indonesia is likely to miss its coal output target this year, an energy ministry official said on Friday.

Heavy rains are slowing mine and port operations in Indonesia, the world's biggest exporter of coal used for power generation, mining executives have told Reuters.

Production is expected to be 610 million tonnes in 2021, Sujatmiko, director of coal at the energy ministry who goes by one name, told a virtual conference.

That is 2.4% below the ministry's target of 625 million tonnes.

"Our (output) realisation is a bit lower, because of the weather at the mines, the rainfall is quite high," Sujatmiko said.

"We hope that with the smoother operations on the field, by the end of the year, until December 2021 we can reach a production of around 610 million tonnes," he added.

In January to September, coal production was around 450 million tonnes, 72% of target, Sujatmiko said.

Output was up 8.7% to 456.77 million tonnes from 420.29 million in January-September 2020, ministry data showed.

Global coal prices have soared to record highs this year on a recovery in industrial fuel demand and constrained output in top coal consumer China.

Heavy rains are hampering Indonesia's hopes for a jump in output and exports to capitalise on the boom.

(Reporting by Bernadette Christina Munthe; writing by Fathin Ungku; editing by Edmund Blair and Jason Neely)


ę Reuters 2021
Latest news "Economy & Forex"
04:55aArrest of Macau junket mogul rattles the world's largest gambling hub
RE
04:54aGermany has to decide on gas-to-power plants quickly - grid operator, NGO
RE
04:54aMalaysia's ATA falls as analyst airs concern after Dyson rift
RE
04:54aEquinor ceo says he doesn't see a big impact from new covid variant on oil and gas demand, believes vaccination level should help keep societies open
RE
04:54aAirline easyJet sees softening in demand as COVID clouds outlook
RE
04:51aUnctad says global trade growth stabilized during the second half of 2021, increasing by about 1%quarter-over-quarter. the outlook for 2022 remains very uncertain
RE
04:50aSouth Africa's unemployment rate hits new record high in Q3
RE
04:49aKREMLIN : new gas transit deal talks with Ukraine hinge on gas demand in Europe
RE
04:49aModerna CEO warns COVID-19 shots less effective against Omicron, spooks markets
RE
04:46aHong Kong retail sales rise for 9th month as stimulus lends support
RE
Latest news "Economy & Forex"