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pt bumi resources (bumi) doesn't have enough cash to meet more than $1 billion of obligations within the coming 18 months, making it the weakest of four coal miners in indonesia, according to moody's investors service.
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indonesia has now amended contracts of all 68 coal mining companies, marking victory for the government after earlier miner resistance to adopt to new terms.
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indonesia's coal industry is expected to continue in an upward trend throughout the course of 2017. dark clouds remain over indonesian coal mining companies.
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indonesia's coal exports are expected to decline due to new administrative protocols to come into effect today. october exports may fall by between 15 and 20 per cent on the september figures, and by 5 per cent for the year, as companies attempt to obtain export permits demanded by new regulations
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a worker operates an excavator at an open pit coal mine in samboja, east kalimantan, indonesian borneo. greenpeace southeast asia reports that most mining companies abandon open pit mines after exploitation, which causes water contamination and leads to health problems for members of local communities
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