March 29, 2012

Coal miners benefit from prices surge

The Jakarta Post | March 29, 2012

Indonesian coal-mining giants PT Adaro Energy (ADRO) and PT Berau Coal Energy (BRAU) saw their net profits more than doubled last year on the back of higher selling prices.

The nation’s largest coal miner, PT Bumi Resources (BUMI), however, recorded a net loss last year despite growing revenues from sales — benefiting from the surge in selling prices — due to soaring costs.

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