Barki appointed as Harum?s President Commissioner
Monday, May 16 2016 - 11:52 AM WIB
Steven Barki was elected as president commissioner of PT Harum Energy Tbk (HRUM), replacing Budi Rahardja, during the company?s annual meeting of sharesholders on Monday (May 16).
Previously, Budi Rahardja decided to resign from his position in April 2016 as his tenure as president commissioner had ended.
During the annual meeting, the shareholders also agreed to dismiss and reappoint the members of board of directors for the next period.
Harum Energy?s President Director Ray Antonio Gunara said on Monday that amid the low prices of coal, his company will focus on improving efficiency to enable it to deal with the current market slump.
Harum operates four coal mines in East Kalimantan, but only the Mahakam Sumber Jaya (MSJ) mine is currently producing with a target of production at 3.5 million tons this year, down from 3.6 million tons last year.
The company has decided to delay the production of its Tambang Batubara Harum (TBH) mine until 2017 amid the current coal price drop.
Harum has also put its other producing mine Santan Batubara under temporary suspension since 2014. Another mine is Karya Usaha Pertiwi which has not started production yet.
Editing by Benget Besalicto ST.