Moody's: Growth for Indonesia coal miners

Moody's Investors Service said in a new report that the rated Indonesian coal miners are well positioned for growth over the next year.

The agency said it is optimistic about the sector, in light of steady growth in demand, low production costs, manageable capital expenditures and solid liquidity.

These positive factors are offset by the possibility of event risk, asset concentration and emerging market considerations, Moody's said.

The Indonesian coal mining companies emerged from the recent financial crisis relatively unscathed, because of strong financial profiles underpinned by low cost structures and increasing production, the agency said.

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