Bumi Sees 17% Increase in Coal Sales to Japan
Bloomberg reported that Bumi Resources (OTC Pink:PBMRF) said it plans to increase coal sales to Japan by 17%.
Bloomberg reported that Bumi Resources (OTC Pink:PBMRF) said it plans to increase coal sales to Japan by 17%.
Concerns of weakening US and Chinese growth and European instability have led to a drop in coal company share prices However, coal production levels and expansion investments remain robust on the back of continued emerging market growth.
Reuters Africa reported that profits for Bumi Resources (JAK:BUMI) were up in first quarter 2011 due to higher coal prices.
Indonesia is the world’s largest exporter of thermal coal sending more than 265 million tonnes (MT) abroad in 2010.
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