Coal miner PT Indika Energy Tbk (INDY) decided to stop exploration in Baliem, Papua as it returns its focus on the coal mining operation in Central Kalimantan. In June, INDY made no exploration activities through its units; PT Multi Tambangjaya Utama (MUTU) and PT Mitra Energi Agung (MEA). That’s said that coal assets under management of PT Mitra Energi Agung (MEA) and Baliem projects do not offer economic benefit amid current coal market condition.