Indonesian coal miner Indika Energy is set to begin production at its first gold mine in South Sulawesi province early in 2027. The company is accelerating its diversification into gold to address increasing volatility in coal demand and prices. According to the company's president, the gold business is crucial for managing the uncertainties caused by shifting policies, geopolitical factors, and the global push for decarbonization.

This strategic move reflects Indika Energy's response to the challenges in the coal market, aiming to stabilize its revenue streams by expanding into precious metals.

Source: Nikkei Asia

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