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)