PT Adaro Energy, Indonesia's second-biggest coal producer, said second-quarter sales fell 15 percent from a year earlier to 9.1 million tons after demand in Europe and Japan declined.
Sales were affected by major economic downturn, in the U.S., Europe as well as in some Asian countries, Adaro said.
Coal output in the three months ended June 30 dropped to 8.95 million tons from 9.89 million tons a year earlier, the management said in a filing to the stock exchange today.
Saturday, August 15, 2009
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