Illegal mining and small-new players might have contributed to substantial growth of coal supply in the seaborne market. But, big boys like Adaro Energy and Bumi Resources have their share in the surge of supply. Adaro Energy’s coal production grew 11%, while sales increased by 10% last year. In this report: Bumi Resources, Indo Tambangraya Megah, Berau Coal Energy, Toba Bara Sejahtera, and Bukit Asam.

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