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Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION


VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.

Coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) expected that its coal production would increase to 14 million tons next year. 

"We're targeting 11-12 million tons of coal production this year," said Corporate Secretary of PTBA Achmad Sudarto on Monday, September 7.

According to Sudarto, the rise in coal production is mainly triggered by the step-up in domestic demand.

In addition, transportation partnership with PT Kereta Api Indonesia and PTBA will add to the company's coal production by 10 percent compared to the previous year of 10.3 million tons.

He acknowledged that PTBA will still focus on offering its coal in domestic market. So far, the domestic consumption reached 75 percent while 30 percent will be for exports.

Concerning the acquisition of two mining companies in Kalimantan, Sudarto believed that the plan will be materialized this year. The acquisition will be worth US$150 million.

"If the acquisition can be set out this year, the new company can start operating next year," he said.

Based on the performance in the first half of 2009, PTBA's coal sales reached 5.8 million tons consisting of 1.6 million tons for export and 4.2 million tons for domestic market.
Source: Viva News



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