Adaro reports 4% increase in Q2 output

By Romel S. Gurky

IDX-listed coal mining firm PT Adaro Energy Tbk said that coal output in the second quarter of this year increased by 4 percent to 13.23 million tons from 12.72 million tons in the corresponding period of last year.

The company said in a statement Monday that total production in the first six months of the year reached 25.86 million tons, relatively flat year-on-year

The coal was produced by its subsidiaries including PT Adaro Indonesia (AI), PT Semesta Centramas (SCM) and PT Laskar Semesta Alam (LSA).

Overburden removal for the second quarter of 2016 decreased by 22 percent to 57.65 million bank cubic meter (Mbcm) compared to second quarter of last year. The blended average strip ratio for the quarter was 4.36x and 4.30x for the semester, below our 4.71x planned strip ratio.

?We expect to increase overburden removal in the coming ? typically drier ? next two quarters and our 2016 strip ratio to reach 4.71x. Adaro continues to maintain strong and safe operations. We had average rainfall days in April and June and a higher than normal rainfall days in May,? Adaro said in the statement.

Adaro said it sold 13.66 million tons (Mt) of coal in the second quarter of this year (2Q16), 4 percent higher compared to the corresponding period of last year (2Q15). Total sales volume for the January-June period of this year was 27.13 million tons, 2 percent higher compared to first half of last year.

	Units	2Q16	1Q16	2Q16 vs. 1Q16	2Q15	2Q16 vs. 2Q15	1H16	1H15	1H16 vs. 1h15
Coal Production	Mt	13.23	12.63	5%	12.72	4%	25.86	25.88	0%
Sales Volume	Mt	13.66	13.47	1%	13.15	4%	27.13	26.59	2%
Overburden Removal	Mbcm	57.65	53.58	8%	74.24	-22%	111.23	136.35	-18%

Editing by Reiner Simanjuntak