Bumi Resources Q1 coal output estimated at 21m tons

By Cepi Setiadi

IDX-listed coal mining firm PT Bumi Resources Tbk said that coal production in the first quarter of this year is estimated at 21 million tons.

?Coal mined is estimated at 21 million tons. But firm numbers are not yet available,? Director Dileep Srivastava told Petromindo.com Wednesday.

He said that about 70 percent of the first quarter output came from its subsidiary PT Kaltim Prima Coal and another 30 percent from subsidiary PT Arutmin Indonesia.

Srivastava reiterated that the company hopes to produce around 80 million tons of coal this year, the same as realized output last year, but this would depend on the coal price and market condition, suggesting that output may be higher if market and price conditions are more favorable.

Editing by Reiner Simanjuntak