ICR produced 145,000 tons in Q1
Monday, April 13 2015 - 01:30 PM WIB
Coal mining company PT Indonesia Coal Resources (PT ICR), a wholly-owned subsidiary of PT ANTAM Tbk, produced 145,000 tons in the first quarter of 2015 from its coal concession in Sarolangun regency, Jambi Province.
Ady Taufik, President Director of ICR, told Petromindo.com that the production was below the quarterly target of 250,000 tons.
He, however, said that lowering production is one of the strategies applied by the company amid the sluggish coal market.
?The market is not so good. If we produce more, we have to put it in stockpile due to the lack of buyeres. And the coal easily gets burned because it is of low rank type,? he said adding that most of the firm?s coal were absorbed domestically.
Ady added that the company will increase its coal production in the second quarter to fulfill the target.
Editing by Johannes Simbolon