Antam coal unit reports lower output

By Romel S. Gurky

IDX-listed mining firm PT Aneka Tambang Tbk (Antam) said Friday that its coal subsidiary PT Indonesia Coal Resources (ICR) saw coal production in the third quarter of this year dropped by more than 54 percent to 172,445 tons from 376,946 tons in the corresponding period of last year.

Antam said in a statement that sales volume in the third quarter of this year also fell to 395,565 tons from 473,678 tons in the third quarter of last year.

It added that unaudited sales revenue in the first nine months of this year was Rp 129.19 billion.

Antam through ICR produces coal from the Sarolangun coal mine located in Jambi Province. The Non-JORC coal reserves currently stands at 8.25 million tons with the average value of 5,300 until 5,500 Kcal/kg.

Editing by Reiner Simanjuntak