Indonesia targets record coal production

Indonesia's largest coal producer, Bumi Resources, is targeting between 93 million and 94 million tonnes of coal in 2017, its director, Dilip Srivastava, said. This level would be 9 percent higher than the 86.5 million tonnes produced in 2016.

60 percent of the company's 2017 projected sales have already been made, and the share is expected to rise to 75 percent by the end of the first quarter, according to the annual agreements with Japan, the company said. “The outlook for coal prices in 2017 looks optimistic,” said the director of the company.