Indika

Indika plans to boost the capacity of the mines it controls through PT Kideco Jaya Angung to 50 million metric tons in the next two to three years from 40 million tons, said Arsjad Rasjid , Indika's CEO and president director.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

Indika's strategy is the latest example of plans to develop Indonesia's vast natural resources.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

JAKARTA, Indonesia—Coal miner PT Indika Energy will expand capacity at least 25% in the next three years to meet the growing demand for fuel in expanding Asian economies, the company's chief executive said.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

Indika last month said it plans to sell up to a 30% stake in PT Petrosea, its coal-mine construction and logistics arm.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

Indika will focus its acquisition efforts on little-known and struggling coal companies to avoid the competitive pressures and high prices that come with interest from international competitors, Mr. Rasjid said.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

Indika's strategy is the latest example of plans to develop Indonesia's vast natural resources.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

Indika last month said it plans to sell up to a 30% stake in PT Petrosea, its coal-mine construction and logistics arm.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

Bumi Resources fell 2.3% and Indika lost 2.3% in Jakarta, while Olam lost 0.5% in Singapore and Genting Plantations was 0.7% lower in Kuala Lumpur.

Asian Shares Fall Ga-Woon Philip Vahn 2011

Indika plans to boost the capacity of the mines it controls through PT Kideco Jaya Angung to 50 million metric tons in the next two to three years from 40 million tons, said Arsjad Rasjid , Indika's CEO and president director.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011

Indika, which exports about 20% of its coal to India and 10% to China, isn't concerned that the biggest importers of Indonesian coal are attempting to cut out the middleman and invest directly in their Indonesian mines.

Indonesia's Indika to Expand Coal-Mining Capacity Eric Bellman 2011