According to a report from PriceWaterhouseCoopers released Monday, Indonesia could deplete its coal reserves by 2033, the Business Times reported.
As quoted in the market news:
Indonesia is among the world’s top exporters of thermal coal, but its output has slipped in recent years as plummeting prices of the power station fuel have forced miners to cut costs.
The PwC study is based on information from 25 coal mining companies representing around 80 per cent of Indonesia’s output, and looked into the availability of domestic coal for the 35 gigawatts of power stations Indonesia hopes to build by 2019.
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