Indonesia’s Indika Energy bets on gold as coal volatility increases

Miner navigates rising policy uncertainty, geopolitics and decarbonization push Indika Energy's gold project in Indonesia's South Sulawesi province. The miner is accelerating diversification into gold as coal demand and prices become increasingly volatile. (Indika Energy) JAKARTA — Indonesian coal miner Indika Energy is preparing to kick off production at its first gold mine early next year, with the company's president stressing to Nikkei Asia the importance of the bullion business in coping with rising coal price volatility.

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