Indonesia has a dynamic and growing mining industry that is expected to reach a value of US$147 billion by 2015. It is currently the world's second largest producer of lignite, seventh largest producer of hard coal, and largest exporter of thermal coal. Many new mining projects are underway in Indonesia, driven by the coal production which is expected to increase from 359 million tons in 2010 to 529 million tons by 2015 through expansions by several major mining companies. The Indonesian mining equipment market is also projected to experience strong growth during this period to support the industry expansion.
Indonesia has a dynamic and growing mining industry that is expected to reach a value of US$147 billion by 2015. It is currently the world's second largest producer of lignite, seventh largest producer of hard coal, and largest exporter of thermal coal. Many new mining projects are underway in Indonesia, driven by the coal production which is expected to increase from 359 million tons in 2010 to 529 million tons by 2015 through expansions by several major mining companies. The Indonesian mining equipment market is also projected to experience strong growth during this period to support the industry expansion.
Indonesia has a dynamic and growing mining industry that is expected to reach a value of US$147 billion by 2015. It is currently the world's second largest producer of lignite, seventh largest producer of hard coal, and largest exporter of thermal coal. Many new mining projects are underway in Indonesia, driven by the coal production which is expected to increase from 359 million tons in 2010 to 529 million tons by 2015 through expansions by several major mining companies. The Indonesian mining equipment market is also projected to experience strong growth during this period to support the industry expansion.
Asia-Pacific dominates global mining production (56% by value).
Indonesia's mining industry value is expected to reach US$147bn in real terms by 2015. Indonesia is the world's second-largest producer of lignite and the world's seventh-largest producer of hard coal. It is also the world's largest exporter of thermal coal. In the South East Asia region, Indonesia remains the top place for new mining projects, followed by the Philippines and Vietnam. Indonesia is a highly important export market for Australia's mining and mineral processing technology. The mining equipment market is set to grow at a CAGR of 6.2% during 2010-2015,with many expansion projects in the pipeline. The boom in the demand for mining equipment is expected to be significant with many global mining firms entering the Indonesian market. Coal production in Indonesia will reach 529mnt by 2015 from 359mnt in 2010, driven by various expansion plans by Adaro Energy, Banpu, BHP Billiton & Dianlia Setyamukti, Bumi Resources-KPC, Churchill Mining and Kangaroo Resources.