The
coal commodity of the 2000s generated significant profits for companies engaged
in the export of coal. The rise in coal commodity prices was - to a large
extent- triggered by accelerated economic growth in emerging. But this
profitable situation changed with the outbreak of the global financial crisis
in 2008 to cause coal commodity prices went down fast.
The
beginning of 2011 coal commodity prices sharp rebound. However, reduced global
economic activity has diminish demand for coal, thus resulting reduction coal
commodity prices starting from early 2012. Apart from indolent global economic
growth, there is also another factor at play. On the 2000s many new coal mining
companies were established in Indonesian while existing coal miners has raised
investment to expand production capacity. This caused supply's abundant and the
more aggravated by wishes coal miners’ in the years 2010-2013 to produce and
sell as much coal as possible - middle low coal prices - in order to generate
revenue.
Although
the growing awareness to reduce dependency on fossil fuels, developments in
renewable energy resources do not show an indication that dependency on fossil
fuels will be reduced significantly in the future, thus coal still be a vital
energy resource. Indonesian will get opportunity in the future and Indonesian
is expected to become very involved in the process being a major player in the
coal mining sector.
