Ingwe to expand to RI<\/p>\n
RICHARDS BAY, South Africa (Reuter): Ingwe Coal Corp Ltd is
\nlooking to Indonesia and Australia for the capacity expansion
\nnecessary to ensure it maintains its share of the world steam
\ncoal market.<\/p>\n
"We need to expand our offshore interests to ensure Ingwe
\nstays competitive in the world steam coal market," chairman Mick
\nDavis told analysts and reporters on a visit to the Richards Bay
\nCoal Terminal yesterday.<\/p>\n
Ingwe exported over 24 million tons of coal in 1995.<\/p>\n
But the group needs to increase output by around two million
\ntons per annum to maintain its share of the world steam coal
\nmarket, which totaled some 227 million tons in 1995.<\/p>\n
To this end, it is pushing ahead with the development of the
\nTogara South project in Australia and plans to enter the
\nfledgling, but potentially huge, Indonesian coal mining industry.<\/p>\n
Ingwe is also investigating opportunities in Indonesia, where
\na boost in power generation in the coming decade and easily
\naccessible coal reserves were expected to catapult the country
\ninto the position of a major producer.<\/p>\n
Large-scale coal production only started in Indonesia in the
\nearly 1980s.<\/p>\n
Proven total Indonesian coal reserves were between five and
\nsix billion tons and the country was producing 40 million tons
\nper annum currently, 30 million tons of which it was exporting.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ingwe-to-expand-to-ri-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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