Adaro Energy update: PT Saptaindra Sejati (SIS) ? Mining Contracting
Friday, November 1 2013 - 03:21 AM WIB
COAL MINING CONTRACTOR: PT Saptaindra Sejati (SIS)
Our mining and contractor subsidiary, SIS, is one of AI?s five mining contractors. AI was SIS?s largest customer, accounting for approximately 65% of SIS?s total overburden removal and approximately 72% of coal getting volume during 3Q13, in comparison to 66% and 64% in 3Q12, respectively. SIS continued to prioritize AI over securing new third party businesses. AI increased overburden removal by 8% q-o-q, although it was 17% lower y-o-y. Due to lower coal prices, AI and Sis?s other customers reduced overburden removal. As AI grew production, SIS took on more mining and hauling activities for AI. SIS will be the mining contractor for our newly acquired Balangan coal project in South Kalimantan. (end of edited excerpt)
| SIS Operating Highlights | ||||||
| Actual | Quarter on Quarter | Year on Year | ||||
| Units | 3Q13 | 2Q13 | % Change | 3Q12 | % Change | |
| Overburden Removal | Mbcm | 44.19 | 42.76 | 3% | 53.00 | -17% |
| Adaro | Mbcm | 28.79 | 26.57 | 8% | 34.89 | -17% |
| Others | Mbcm | 15.40 | 16.19 | -5% | 18.11 | -15% |
| Coal Getting | Mt | 7.33 | 7.23 | 1% | 5.77 | 27% |
| Adaro | Mt | 5.27 | 5.18 | 2% | 3.71 | 42% |
| Others | Mt | 2.06 | 2.05 | 0% | 2.06 | 0% |