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Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI


COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.

"Arutmin is being impacted by rain  with production still relatively close plan. It's not a new issue and in my view is not much more than the usual rain, " said Mr. Dileep Srivastava, Director Cum Corporate Secretary of BUMI. Arutmin is operating multiple pits, and it  helps to make up shortfalls from the affected site(s).

According to E-Mail report, Bumi are expecting to sell  5.5 m tons in Jul '10 - that translates to an annualised 66 million tons - above guidance FY'10 of 64 million tons of thermal coal. KPC, another BUMI's mine is unaffected with comfortable stocks at stockpiles. KPC shipped out 3.96 million tons in Jun '10, which is a record for KPC.

Overall no or negligible impact in BUMI's mines. "We hope to cross FY'10 guidance on all operating parameters", Mr. Dileep further said in his E-mail.



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Friday, 20 August 10
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