Antam reports 30% drop in coal production

By Romel S. Gurky

IDX-listed mining firm PT ANTAM (Persero) Tbk reported that coal production last year dropped by 30 percent to 424,573 tons from 607,606 tons in 2012.

The company said that coal sales volume last year stood at 304,526 tons. It said in a fourth quarter report on Thursday that the sales generated an unaudited revenue of Rp 81 billion in financial year 2013.

Antam, through its subsidiary PT Indonesia Coal Resources 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.

PT ICR has set production target of 1 million tons for this year.

Coal Production

Commodity	Unit	IV Quarter (Oct-Dec) 2012	FY12	IV Quarter (Oct-Dec) 2013	FY13
Coal	Ton	121,788	607,606	184,690	424,573

Editing by Reiner Simanjuntak