Indonesian coal companies go on buying spree for Western mines

Assets are at bargain prices, industry executives say

20240911 Indonesia coal

Coal being moved from a barge at Indonesia's Tanjug Priok port. Indonesian mining companies have been buying up Western coal assets driven by lower emissions rules and cheap financing © Reuters

ERWIDA MAULIA, Nikkei staff writer

JAKARTA - Indonesian coal companies are snapping up high-grade assets in Australia and North America, as better access to financing and less climate pressure at home give them an advantage over Western rivals.

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