ICR produced 453,000 until Q3 2015
Tuesday, October 20 2015 - 12:45 PM WIB
Coal mining company PT Indonesia Coal Resources (PT ICR), a wholly owned subsidiary of PT Antam Tbk, produced a total of 453,000 tons this year until the third quarter of 2015 from its coal concession in Sarolangun, Jambi Province.
Ady Taufik Yudisia, President Director of ICR, told Petromindo.com on Tuesday that the company has revised its coal output target for this year to 586,000 tons from the target of 1 million ton made early this year.
?Up to the third quarter, we only produced about 453,000 tons as against the revised annual target of 586,000 tons,? he said adding that from the Sarolangun mine, the company has thus far sold only about 346,000 tons compared to the annual sales target of 532,000 tons.
?As the coal price could not cover the production cost, we only sold 14,000 tons from Sarolangun in September,? he said.
Ady revealed that in its trading activity, the company only sold 26,600 tons of mid CV coal in the third quarter of the year. Besides, it sold 120,000 tons of high CV coal as against the target of 157,000 tons. ?The main challenges for high CV coal at present is that it is difficult to get the coal with the ash below 12 percent,? he said.
Editing by Johannes Simbolon