February 17, 2011 / 11:05 AM / in 8 years

Indonesia's Bumi expects 2013 coal output over 110 mln T

JAKARTA, Feb 17 (Reuters) - Indonesia’s PT Bumi Resources , Asia’s largest thermal coal exporter, expects to produce more than 110 million tonnes in 2013, or 64 percent higher than this year’s forecast output, a company director said on Thursday.

“Expansion projects to achieve the 2013 target are already under execution,” Dileep Srivastava, a Bumi director, told Reuters. “The strategic principle we are adopting is to build for over capacity across our entire coal supply chain.”

Bumi will become a unit of Bumi Plc, to be listed in London after a $3 billion deal with Nathaniel Rothschild’s Vallar Plc in November. (Reporting by Janeman Latul; Editing by Neil Chatterjee)

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