Bumi plc on track to meet 2013's target
Thursday, June 27 2013 - 02:58 AM WIB
LSE-listed Bumi Plc reported on Wednesday that the company was in track to reach 2013 production target of 23 million tons.
It reported a continued strong operational performance at PT Berau with April 2013 production at 2.0mt, taking year to date (YTD) production to 7.3mt, an increase of 27% against production of the prior year period.
The stripping ratio down 21% against year to date 2012, while the production cost of sales down 9% against year to date 2012.
Average selling price was $62.9/t in April 2013, with YTD April 2013 ASP of $63.1/t 19% lower than the same period last year.
| Berau Coal Unaudited | YTD April 2013 | Q1 2013 | YTD April 2012 | Q1 2012 | YTD APR 13 v YTD APR 12 |
| Coal mined (mt) | 7.3 | 5.3 | 5.8 | 4.1 | 27% |
| Sales (mt) | 7.5 | 5.5 | 6.1 | 4.6 | 21% |
| FOB average selling price ($/t) | ?63.1 | 63.2 | 77.8 | 78.3 | (19%) |
| Production cost of sales ($/t) | 36.4 | 36.6 | 39.9 | 39.2? | 9% |
| Stripping ratio (bcm/t)? | 8.5 | 8.4 | 10.8 | 10.6 | (21%) |
| 1. Bank cubic metres (bcm) of overburden removed per tonne of coal mined
2. Restated |
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Editing by Adianto P. Simamora