Banpu reports lower sales volume from RI operation
Thursday, August 14 2014 - 02:02 AM WIB
Thai firm Banpu Pcl reported Wednesday that coal sales volume from its Indonesian coal operation in the second quarter of this year slightly declined by 6 percent to 6.72 million tons compared to the first quarter.
The average coal selling price (ASP) during the quarter was concluded at US$68.23 per ton, down 4 percent from the first quarter. ?Measures to lower mining and fuel costs continued to yield good result with the average cost of sale similar tothe previous quarter at $44.80 per ton,? the company said in a statement.
Gross profit margin eased to 34 percent versus 38 percent in the previous quarter due to the lower ASP.
Banpu runs its coal mining business in Indonesia through subsidiary IDX-listed PT Indo Tambangraya Megah Tbk, which has five coal mine units including PT Indominco Mandiri, PT Trubaindo Coal Mining, PT. Bharinto Ekatama, PT. Kitadin and PT Jorong Barutama Greston.
| 2Q14 | 1Q14 | 2Q13 | |
Production (M tonnes) |
|||
| Indominco - West Block | 0.60 | 0.39 | 1.14 |
| Indominco - East Block | 2.74 | 3.07 | 2.47 |
| Trubaindo | 1.52 | 1.81 | 1.96 |
| Bharinto | 0.62 | 0.66 | 0.56 |
| Jorong | 0.33 | 0.31 | 0.30 |
| Kitadin - Embalut | 0.30 | 0.30 | 0.30 |
| Kitadin - Tandung Mayang | 0.41 | 0.60 | 0.51 |
| Total | 6.52 | 7.14 | 7.23 |
Coal sales volume (M tonnes) |
|||
| Indominco | 3.41 | 3.89 | 3.56 |
| Trubaindo | 1.70 | 1.56 | 1.85 |
| Bharinto | 0.58 | 0.43 | 0.47 |
| Jorong | 0.24 | 0.35 | 0.23 |
| Kitadin - Embalut | 0.24 | 0.29 | 0.27 |
| Kitadin - Tandung Mayang | 0.54 | 0.58 | 0.56 |
| Total | 6.70 | 7.10 | 6.94 |