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    Rich Resources, Growing ProductionElectrification to Boost Domestic DemandMarket Forces and Politics Are Driving ConsolidationOutlookIndonesia boasts rich deposits of thermal coal, which is predominantly used in power generation. Mostly sub-bituminous varieties of medium or low calorific value (below 6,100 kcal/kg), Indonesian coal is sought after in China and India, where its typically low ash and sulphur content is appreciated. By contrast, higher-ranked metallurgical coal, which is used in iron and steel-making, is found in much rarer quantities and accounts for a tiny fraction of total exports. Its significance is set...
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    RAJEEV MALIK Investors in India already have had two major shifts in policy guidance so far in 2011. The first was the federal budget in February that signalled some overdue spending restraint after sharply higher expenditure in the prior three years. The second is the recent RBI policy meeting where the central bank announced a higher-than