While they have some Australian assets, Indonesia and South Africa are going to be two other key suppliers to
the Asian coal boom.
Not exact matches
In the US,
coal producers increased exports to counter the domestic downturn and sought to expand overseas production capacity which could supply the
booming Asian region.
Peabody aims to become a major producer of
coal close to the
booming Asian markets by involvement in major joint venture projects in Indonesia, Mongolia, China and India.
While Americans are burning less
coal,
Asian demand is
booming, so if companies can find a way to export their excess supply, it's a win - win for their dwindling profit margins!
«The finding is unexpected, given the recent
boom in unconventional gas production and reported resurgence in
coal mining and the
Asian economy.