Bumi sees coal price and demand rising after Japan quake

PT Bumi Resources , Asia's biggest thermal coal exporter, sees coal prices and demand going up in the medium term after the Japan's devastating earthquake of Friday, Dileep Srivastava, a company director, said on Monday.

The need to reconstruct and the possible subtitution to coal power generation from nuclear plants could be the main catalysts, he said.
Japan is the number one buyer of Indonesian coal and Japanese customers accounted for 21 percent of Bumi's sales in 2011. Source: Reuters