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Indonesia Coal Output May Rise Even as Prices Decline

Coal production in Indonesia, the world’s largest exporter of the power-station fuel, may exceed the government’s 2014 limit even as a worldwide glut drives down prices to the lowest level in more than four years.

Indonesian output this year may rise to 425 million metric tons from 421 million last year, Bob Kamandanu, head of Indonesian Coal Mining Association, said in a March 28 interview. The government said it will cap production at 400 million as it tries to halt declining prices. The global supply of thermal coal will exceed demand by 4.9 million tons this year, Morgan Stanley said in a January report.