Coal far from ‘dead’: prices to remain high, IPO still lucrative

2022.08.25 11:42:37

Europe is flocking to Indonesia as coal has become a valued commodity after Russia cut off gas supplies.(./.)이미지 확대

Europe is flocking to Indonesia as coal has become a valued commodity after Russia cut off gas supplies.(./.)

The coal-mining sector will likely still be one of Indonesia’s key-growth drivers in years to come, despite the country’s steady shift to renewable energy, as the “black gold” commodity prices are poised to remain elevated due to robust demand and persistent supply disruptions. Furthermore, high coal prices have led to a positive prospect for companies who are set to launch initial public offerings (IPO) in the second half of this year, such as PT Black Diamond Resources, which began offering its shares on Aug. 12. Indonesian Coal Mining Association (APBI) executive director Hendra Sinadia said that, through the world’s largest financiers of coal-energy projects, such as China, Japan and South Korea, have vowed to stop funding new coal-fired power plants overseas, existing coal plants still need to operate for years to come.

https://www.thejakartapost.com/business/2022/08/24/coal-far-from-dead-prices-to-remain-high-ipo-still-lucrative.html

By Jakarta Post

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