Adaro Energy update: PT Saptaindra Sejati (SIS) ? Mining Contracting
Wednesday, February 1 2017 - 12:48 AM WIB
The following is an edited excerpt from IDX-listed energy firm PT. Adaro Energy's quarterly report released on Tuesday. (ed)
PT Saptaindra Sejati (SIS)
During the quarter, SIS booked a total coal production volume of 9.66 Mt and an overburden removal volume of 43.57 Mbcm, 45% and 50% higher y-o-y, respectively. SIS?s total coal production in 2016 was 35.33 Mt, 20% higher compared to 2015, while total overburden removal for 2016 reached 163.09 Mbcm, an 8% increase over 2015.
Overburden removal and coal production volume from AE were 59% and 74% of SIS?s total volume in 2016, respectively. While SIS continues to prioritize AE, we expect that going forward SIS will add more third-party volume. (end of edited excerpt)
| Unit | 4Q16 | 3Q16 | 4Q16 vs 3Q16 | 4Q15 | 4Q16 vs 4Q15 | FY16 | FY15 | FY16 vs FY15 | |
| Overburden Removal | Mbcm | 43.57 | 46.40 | -6% | 29.02 | 50% | 163.09 | 151.07 | 8% |
| Coal Production | Mt | 9.66 | 9.52 | 1% | 6.68 | 45% | 35.33 | 29.47 | 20% |