ICR plans lower coal output this year
Monday, February 15 2016 - 05:14 AM WIB
By Cepi Setiadi
Coal mining company PT Indonesia Coal Resources (PT ICR), a wholly owned subsidiary of IDX-listed mining firm PT Antam Tbk, is targeting to produce about 450,000 tons of coal from its coal mine in Sarolangun, Jambi Province, slightly lower than last year?s realized output of 586,000 tons.
Ady Taufik Yudisia, President Director of ICR told Petromindo.com recently that the target is the realistic one as the price is still in a sluggish mode.
?And the target is subject to (further) evaluation because the price keeps slowing down,? he said, adding that the company maintains regular spot contract with local buyers around 15,000 tons to 22,000 tons each month.
Editing by Reiner Simanjuntak