Indonesia Likely to Exhaust its Coal Reserves in the Next 20 Years

Indonesia, one of world’s top exporters of thermal coal, is likely to exhaust it’s economically retrieval coal reserves in the next 20 years, according to a study by the IMARC Group. The output has declined in recent years due to two main factors- cost cuts by miners due to plummeting prices of the power station fuel and a complete cessation of exploration for new reserves. Cost cuts by miners have included reducing exploration and stripping ratios – the amount of dirt removed to expose mineable coal. This study was based on information from 25 coal mining companies representing around 80% of Indonesia’s output, and a peek into the availability of domestic coal for the 35 gigawatts of power stations Indonesia hopes to build by 2019.

Read Full News At: http://www.researz.com/indonesia-likely-exhaust-coal-reserves-next-20-years

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