Alfa Energi?s output in Q1 in line with target

By Cepi Setiadi

Coal mining company PT Alfa Energi claimed that coal production from its concession in Samarinda, East Kalimantan Province in the first quarter of the year is in line with target.

Company Director Aris Munandar told Petromindo.com that the company produced around 60,000 tons in the first quarter, which is about a quarter of the annual target of 250,000 tons.

Last year, the firm produced 300,000 tons of coal, but set a lower target of 250,000 tons for this year in view of the continued market downturn.

The firm has a concession of about 2,000 ha with the coal CV of GAR 4300. While doing mining activities, the firm is also conducting the exploration. Based on the previous JORC, the concession has about 10 million tons in reserve.

Editing by Johannes Simbolon