RI’s Coal Industry Outlook According to Prajogo Pangestu’s Petrindo Jaya (CUAN)
CUAN sees coal as a cost-effective energy source and fuel for Southeast Asian power plants, reaffirming the company’s optimistic outlook for this sector.
(Bisnis.Com) 01/01/70 07:00 3825
Bisnis.com, JAKARTA — PT Petrindo Jaya Kreasi (CUAN), a coal miner owned by business mogul Prajogo Pangestu, is optimistic that the coal industry remains prospective in the medium and long-term.
In a prospectus submitted to the Indonesia Stock Exchange (IDX), Petrindo Jaya affirmed its upbeat view on coal despite ongoing headwinds such as price volatility, rising fuel costs, royalties, and the new export earnings (DHE) policy.
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