Antam reports higher coal production

PT Indonesia Coal Resources (ICR), a coal subsidiary of IDX-listed mining firm PT Aneka Tambang Tbk (Antam), saw production increased by 11.84 percent to 518,465 tons last year from 463,551 tons in the previous year.

Antam said in a statement Friday that sales volume, however, fell to 480,007 tons from 652,413 tons, with unaudited sales revenue of Rp 167.82 billion.

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. The company currently sells its coal to the export as well as domestic markets.

Editing by Reiner Simanjuntak