Banpu reports lower Q1 coal output from Indonesian mines

Thai energy firm Banpu Plc reported that coal sales from its Indonesian mines, reached 5.353 million tonnes during the first quarter of this year, down by 12% and 7% in the same period of last year and the previous quarter, respectively.

The lower coal sales is caused by lower production from Indominco West Block as a result of mining in a smaller area. Meanwhile Indominco East Block reported steady increase in production and sales. Indominco sold a total of 3.248 million tonnes, down by 11% YoY, the company said in statement.

Trubaindo mine achieved sale volume target of 1.520 million tonnes (-3% YoY). Jorong and Kitadin-Embalut mines contributed sale volume of 311,000 million tonnes and 274,000 million tonnes, respectively.

Average coal selling price from Indonesia mines rose significantly to US$87.39 per ton or a 32% increase YoY and 13% QoQ. Coal sales in this period started to meet the new contract prices agreed around mid-2010. The resilient spot market also helped increase the price of coal that was delivered under index-lined scheme, it said.

The higher selling price enabled the Indonesia coal to withstand the increase in diesel price to $ 0.93 per litre (+39% YoY and +29% QoQ). (denny)

Production ( k tonnes)	1Q11	4Q10	1Q10
Indominco Mandiri (IMM) - West Indominco Mandiri (IMM) - East Trubaindo Jorong Kitadin (KTD)	1,835 1,304 1,453 325 292	2,338 1,264 1,494 447 268	2,753 908 1,598 354 372
Total Production	5,209	5,811	5,985

Coal sales volume (k tonnes)	1Q11	4Q10	1Q10
Indominco Mandiri (IMM) Trubaindo Jorong Kitadin (KTD)	3,249 1,520 311 274	3,589 1,390 421 339	3,651 1,572 503 377
Total sale volume (k tonnes)	5,353	5,738	6,103