Arutmin coal out put up and BHP Kendilo down in Q1 2001
Tuesday, May 1 2001 - 04:30 AM WIB
Australian giant BHP limited reported Monday coal output in its Indonesian units PT Arutmin and PT BHP Kendilo increased in the first quarter of 2001.
Arutmin's coal output during the first quarter of 2001 was 2.139 million tons, as against 1.942 million tons in the corresponding period of last year.
Arutmin's coal output during October-December quarter was 2.221 million tons.
Arutmin produced 8.2 million tons of coal last year and expects to produce some 9.5 million tons of coal this year.
Meanwhile, production at BHP Kendilo during the first quarter of 2001 stood at 214,000 tons as against 246,000 tons in the corresponding period of last year.
According to a source in the company, BHP Kendilo would close its operation in May 2002
PT Arutmin, which operates Senakin and Satui mines in South Kalimantan, is 80 percent owned by BHP, while the remaining 20 percent stake is controlled by local company PT Bakrie and Brothers.
Together Arutmin and BHP Kendilo is the country's third largest coal producer
PT BHP Kendilo Coal which operates Petangis mine in South Kalimantan is also 80 percent controlled by BHP, while the remaining stake is held by Japan firm Mitsui Mining Company.
According to a source in the company, BHP Kendilo would close its operation in May 2002 due to reserve depletion. (alex)