Asmin Koalindo Tuhup sees flat production

By Cepi Setiadi

Coking coal producer PT Asmin Koalindo Tuhup (PT AKT) has set a production target of 3 million tons this year, which is the same with last year?s production volume.

Director Ken Allan said that the company has decided to delay expansion plans amid the current bearish market condition.

"We are targeting the same (output volume) with last year, which was also 3 million tons, it means that we are postponing our expansion," he said to Petromindo.com on Thursday.

Asmin Koalindo holds a 21,630 ha concession in Muara Raya Regency, Central Kalimantan.

Editing by Reiner Simanjuntak