Bumi Q3 coal production up 35% year-on-year
Friday, November 18 2011 - 04:16 AM WIB
Its year to date total production reached 62 million tonnes, 12 percent higher than in the same period of 2010. The company said it is on track to meet 2011 target of 86 million tonnes of coal.
Its realized prices for Q3 was at $94 per tonnes, an increase of 32 percent over Q3 2010.
The company said it has reached an agreement on the re-payment of its $251 million loan to Bukit Mutiara and $231 million investment with Recapital.
It added the successful refinancing of $600 million of the $1.9 billion CIC loan by PT Bumi Resources, reducing its annual interest expense by around $72 million.
The company said its expansion program is on track with 2014 target of 140 million tonnes.
KPC's expansion plans to achieve its 2014 target of 70 million tonnes is on schedule. The Sangatta expansion is underway, with the second overland conveyor under construction, with expected completion in the first half of 2012. The construction of the Melawan crusher and conveyor is on track for completion in 2012. Work has commenced on upgrading the Bengalon facilities.
It added Arutmin's volume expansion to 40 million tonnes in 2014 is on track. Construction of the West Mulia and Asam-Asam coal processing plants and conveyors is underway with completion expected by the middle of 2012. (lucky/ruli)
Berau Coal
| Berau Coal | Q3 2011 | Q3 2010 | Q2 2011 | Q3 11 V Q3 10 | Q3 11 V Q2 11 |
| Coal mined (mt) | 5.3 | 4.3 | 4.9 | +23% | +8% |
| Sales (mt) | 5.5 | 4.6 | 5.0 | +20% | +10% |
| FOB average selling price ($/t) | 87.0 | 61.5 | 77.6 | +41% | +12% |
| Stripping ratio (bcm/t)1 | 9.8 | 8.1 | 8.1 | +21% | +5% |
| Note: 1 Bank cubic metres (bcm) of overden removed per tonne of coal mined | |||||
Kaltim Prima Coal
| KPC | Q3 2011 | Q3 2010 | Q2 2011 | Q3 11 V Q3 10 | Q3 11 V Q2 11 |
| Coal Mined (mt) | 11.6 | 9.0 | 10.0 | +29% | +16% |
| Sales (mt) | 10.8 | 10.4 | 9.5 | +4% | +14% |
| FOB average selling price ($/t) | 99.0 | 77.6 | 99.6 | +28% | -1% |
| Stripping ratio (bcm/t)1 | 11.9 | 12.3 | 12.6 | -3 | ? |
| Note: 1 Bank cubic metres (bcm) of overden removed per tonne of coal mined | |||||
Arutmin
| Arutmin | Q3 2011 | Q3 2010 | Q2 2011 | Q3 11 V Q3 10 | Q3 11 V Q2 11 |
| Coal Mined (mt) | 5.8 | 3.4 | 5.5 | +71% | +5% |
| Sales (mt) | 5.6 | 3.3 | 5.7 | +70% | -2% |
| FOB average selling price ($/t) | 88.0 | 65.2 | 85.2 | +35% | +3% |
| Stripping ratio (bcm/t)1 | 11.8 | 10.3 | 11.2 | +15% | +5% |
| Note: 1 Bank cubic metres (bcm) of overden removed per tonne of coal mined | |||||
Production Report for the Third Quarter ended 30 September 2011 (unaudited)
| ? | ? | Q1 2011 | Q2 2011 | Q32 011 | Q3 2010 | Q3 11 v Q3 11 | Q3 11v Q2 11 |
| Production Volumes | |||||||
| Berau Coal-Lati | Mt | 2.2 | 2.9 | 3.0 | 2.7 | +11% | +3% |
| Berau Coal-Binungan | Mt | 1.0 | 1.1 | 1.2 | 1.0 | +20% | +9% |
| Berau Coal-Sambarata | Mt | 0.9 | 0.9 | 1.1 | 0.6 | +83% | +22% |
| Berau Coal-Total | Mt | 4.1 | 4.9 | 5.3 | 4.3 | +23% | +8% |
| KPC-Sangatta | Mt | 7.4 | 8.9 | 10.5 | 8.1 | +30% | +18% |
| KPC-Bengalon | Mt | 0.8 | 1.1 | 1.1 | 0.9 | +22% | - |
| KPC-Total | Mt | 8.2 | 10.0 | 11.6 | 9.0 | +29% | +16% |
| Arutmin-Senakin | Mt | 1.5 | 0.9 | 0.9 | 1.0 | -10% | - |
| Arutmin-Satui | Mt | 0.9 | 1.0 | 1.0 | 0.3 | +233% | - |
| Arutmin-Batulicin | Mt | 0.9 | 0.7 | 1.1 | 0.4 | +175% | +57% |
| Arutmin-Mulia | Mt | 1.4 | 1.2 | 1.2 | 0.8 | +50% | - |
| Arutmin-Asam Asam | Mt | 1.3 | 1.7 | 1.6 | 0.9 | +78% | -6% |
| Arutmin-Total | Mt | 6.0 | 5.5 | 5.8 | 3.4 | +71% | +5% |
| Weighted Average Realised Prices | |||||||
| Berau Coal | $/t | 71.3 | 77.6 | 87.0 | 61.5 | +41% | +12% |
| KPC | $/t | 93.1 | 99.6 | 99.0 | 77.6 | +28% | -1% |
| Arutmin | $/t | 77.1 | 85.2 | 88.0 | 65.2 | +35% | +3% |
| Sales Volumes | |||||||
| Berau Coal | Mt | 4.6 | 5.0 | 5.5 | 4.6 | +20% | +10% |
| KPC | Mt | 9.1 | 9.5 | 10.8 | 10.4 | +4% | +14% |
| Arutmin | Mt | 4.8 | 5.7 | 5.6 | 3.3 | +70% | -2% |
| Notes:? - All figures are stated on a 100 percent basis; - Bumi has an 85 per cent stake in PT Berau, which in turns owns a 90 per cent interest in Berau Coal. Bumi has a 85 per cent stake in PT Bumi, which in turn owns a 65 per cent stake in KPC and a 70 per cent stake in Arutmin. The Weighted average realized prices per tonne of sales of coal is calculated by dividing the consolidated sales (on a Free On Board (FOB) basis) for the coal products by the consolidated sales volumes for the coal products for the periods presented. These weighted average realised prices fluctuate based upon changed in the product mix of the sales of the coal products. | |||||||