Antam IH coal production up 10%
Saturday, August 2 2014 - 02:02 AM WIB
IDX-listed mining company PT Antam Tbk said that coal production at its subsidiary PT Indonesia Coal Resources (ICR) increased by 10 percent to 214,356 tons in the first-half of this year (IH 2014) compared to 194,793 tons in the same period of last year.
Output in the second quarter of this year was 121,298 tons, up from 117,526 tons in the same June quarter of last year.
The company said in a quarterly report released Friday that sales volume in the first-half of this year increased to 261,254 tons from 179,488 tons in the same period of last year. Unaudited revenue in the first half of this year was Rp 73 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. Antam currently sells its coal to the export as well as domestic markets.
Editing by Reiner Simanjuntak