Harum Energy reports lower coal sales volume, production
Tuesday, November 12 2013 - 03:47 AM WIB
IDX-listed coal mining firm PT Harum Energy Tbk reported Monday that coal sales volume from its two production mines operated by PT Mahakam Sumber Jaya (MSJ) and PT Santan Batubara (SB) in East Kalimantan during the first nine-month of this year slightly declined to 10.8 million tons from 11.4 million tons in the same period of last year as production weakened.
The company said in a statement to the IDX that sales volume from MSJ reached 9.4 million tons, while from SB 1.4 million tons.
It said that production during the nine-month period ending September declined by 0.8 percent to 9 million tons.
The lower sales volume and average selling price led to a 20.1 percent dropped in revenue during the nine-month period at US$666.9 million, compared to $835.1 million in the same period of last year.
Harum said that in line with weakening coal prices in the global market, the company?s average selling price during the nine-month period fell by 17.6 percent to $70 per ton compared to $84.9 per ton in the same period of last year.
Meanwhile, FOB vessel cash cost fell to $44.2 per ton during the third quarter of 2013 from $48.9 per ton in the second quarter. FOB vessel cash cost during the nine-month period declined to $48 per ton from $48.5 per ton in the same period of last year.
Editing by Reiner Simanjuntak