Antam?s coal unit reports slight increase in output
Saturday, January 31 2015 - 03:33 AM WIB
PT Indonesia Coal Resources (ICR), a coal subsidiary of IDX-listed mining firm PT Aneka Tambang Tbk (Antam), produced 464,002 tons of coal in the fourth quarter of last year, up slightly from 424,573 tons in the corresponding period of the previous year.
Sales volume, however soared to 652,413 tons from 304,526 tons year-on-year with unaudited sales revenue of Rp 179 billion, ICR said in a statement Friday.
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