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Commodities

Indonesia's sudden coal export ban hits mining shares

Move to ensure local supply could sap earnings, analysts say

An Indonesian coal producer's trade association has urged authorities in the country to revoke the ban on coal exports, warning the move will cost the government revenue. (File photo by Reuters) 
SHOTARO TANI, Nikkei staff writer | Indonesia

JAKARTA -- Indonesia's hastily announced ban on coal exports for the month of January has hit the share price of domestic producers of the commodity, with analysts warning the move could damage miners' earnings this year.

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