Adaro Energy (ADRO) dropped further by 1.65% Tuesday (Feb 4) on broad market sentiment. Shenhua, one of the world’s largest coal producer, collapsed 4.34% in Hong Kong, while BHP Billiton, Adaro’s partner in Central Kalimantan coking coal project, lost 2.6% in Sydney. Adaro sold a record 53.47 million tons of coal last year, an increase of 10% from 2012. Outlook?
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