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Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET


Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal to 13.2 million tons.

“This reduction is because of the lower demand for coal,” said Bukit Asam's Managing Director, Sukrisno, yesterday (28/9).

However, the company is optimistic that its income this year will increase by between 20 and 30 percent compared to last year’s income of Rp7.2 trillion.

This is because the company has signed a contract for lower shipping prices.

The company is targeting to produce 12 million tons of coal.

“This will depend on weather conditions in the third and fourth quarters of the year,” said Sukrisno.

In order to improve its performance, the company also plans to carry out the acquisition of three mining sites in Kalimantan.
Source: Tempo Interactive



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Recent News

Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...


Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...


Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...


Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...


Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...


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