Atlas Resources targets 1 MT output
Wednesday, June 6 2012 - 05:09 AM WIB
By Hiski Darmayana
IDX-listed Atlas Resources Tbk recently stated it plans to use 35 percent of fund from the planned bonds offer to realize its targeted 1 million tons of coal output this year
The company said the bonds, amounting to Rp1.2 trillion, will be offered in three stages between June 5 and June 18. The remaining 65 percent fund from the bond will be used to pay back the company's and its subsidiaries' loans to Bank Danamon and Bank NISP.
The company's Financial Director Dono Boestami stated in Jakarta that the company has produced up to 400,000 tons of coal this first quarter from three mines in East Kalimantan and South Sumatra.
Editing by Er Audy Zandri