Adaro Energy update: PT Saptaindra Sejati (SIS) ? Mining Contracting
Wednesday, April 30 2014 - 12:27 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)
Our mining and contracting subsidiary, SIS, is one of AI?s four mining contractors. In 1Q14, AI remained SIS?s largest customer, accounting for 64% of SIS?s total overburden removal and 74% of its coal getting volume. SIS continued to prioritize AI over servicing new third party business. SIS also continued with mine construction works and pre-stripping activities at our recently acquired Balangan coal project in South Kalimantan. (end of edited excerpt).
MBP Operating Highlights |
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| Actual | Quarter on Quarter | Year on Year | ||||
| Units | 1Q14 | 4Q13 | % Change | 1Q13 | % Change | |
| Overburden Removal | Mbcm | 38.59 | 39.86 | (3) | 36.17 | 7 |
| Adaro | Mbcm | 24.68 | 25.87 | (5) | 21.98 | 12 |
| Others | Mbcm | 13.91 | 13.99 | (1) | 14.19 | (2) |
| Coal Getting | Mt | 7.23 | 7.32 | (1) | 6.00 | 21 |
| Adaro | Mt | 5.37 | 5.25 | 2 | 4.04 | 33 |
| Others | Mt | 1.86 | 2.07 | (10) | 1.96 | (5) |