Dayaindo targets to sell 3MT of coal this year

Indonesia-listed coal and nickel mining firm PT Dayaindo Resources International is targeting to sell 3 million tonnes (MT) of coal for this year, equal compared to last year?s sales, the company?s president director said on Tuesday.

Sudiro Andi Wiguno said that of the total 3 million tonnes, 1.5 million tonnes will be sourced from its own coal mine in Tanah Bumbu regency, South Kalimantan, operated by subsidiary PT Daya Mandiri Resources Indonesia, formerly PT Risna Karya Wardhana Mandiri.

The firm also has ties with other Kalimantan miners under joint operation cooperation, including PT Yanuar Perkasa and CV Rizki Dinda, he said.

Dayaindo Mandiri is also engaged in coal trading.

Sudiro said that the company is expecting to get average selling price of around US$60-80 per tonne during this year.

Dayaindo is also eyeing two shipping firms PT Matano Nusantara Line and PT Yanuar Perkasa Samudera. The company plans to acquire 70-100% stake in both firms, Sudiro said without specifying the estimated acquisition prices.

According to Sudiro, the acquisition plan will be completed within next two months. (giok)