Borneo Lumbung targets to sell 5 million tonnes in 2012
Wednesday, January 4 2012 - 02:01 AM WIB
By Adianto P Simamora
IDX-listed coking coal miner PT Borneo Lumbung & Energy Tbk targets to sell about 5 million tonnes of coking coal with the expected price between US$200 and $230 per tonnes this year, up from 3 million tonnes of sales in 2011.
The company said that it had secured contracts to supply some 1.5 milion tonnes with buyers among others from China, Japan and the Europe this year.
?We are still negotiating with a number of buyers and continue looking for new consumers,? the company?s marketing manager Kenneth Raymond Allan said.
The company currently has stockpile for 1.2 million tonnes of coking coal.