Inovisi targets to sell 2.1 MT coal next year
Saturday, December 31 2011 - 02:35 AM WIB
IDX-listed mobile application service provider PT Inovisi Infracom Tbk said that the company?s subsidiary PT Goldchild Integritas Abadi (GIA) expected to sell about 2.1 million tonnes of coal next year, mostly to China.
Benita Sofia, Corporate Secretary of PT Inovisi, said that the company had just signed a contract to supply 150,000 tonnes coal per month with a buyer in China.
?But if we could increase the production volume, the company (in China) is still ready to buy it,? Benita said.
Benita said that the company sold the coal with average price at US$100 per tonne.
The company planned to ramp up its production in 2013 with the acquisition of a company with concession area of 34,000 hectares in Central Kalimantan, which is expected to be completed next year. (giok)