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This coal mining project is an open pit mine located in Nigeria, announced by mining company Western Goldfields that it has discovered 62,400,000 tonnes of proven reserves of coal deposits worth US billion which could be used for the generation of electric power.
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More From Industry ». Jakarta: Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a fiveyear collapse. The world's biggest exporter will produce about 489 million metric tonnes this year, 18% above the governmentmandated target, according to energy ministry forecasts.
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PT Adaro Energy Tbk Adaro Group is one of the largest coal mining and energy company in Indonesia and engages in coal exploration and mining.
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Despite soaring coal prices, the banking industry in Indonesia is still reluctant to extend credit to coal miners and mining companies in general. As of July 2017, bank lending to coal companies was down % yoy with an NPL rate of %. In general, bank credit to the mining sector only grew % yoy with an NPL rate of %.
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