Ithaca Resources expecting 1.5m tons output in 2013

By Cepi Setiadi

Indonesia coal producer Ithaca Resources said that its subsidiary PT Nusantara Berau Coal is expecting to produce 1.5 million tons of coal of 5,500 kcal/kg cv in 2013 from its mine in Berau, East Kalimantan.

Liberty Simanjuntak, Director of Ithaca Resources told Petromindo.com on Wednesday that it is a realistic target since the company is still waiting for the forestry use permit to expand its production.

Liberty revealed that currently they are still producing coal from 800 of 2000 hectares of the concession owned by the company. "For the rest of the concession we are still waiting for the forestry use permit," he said.

Last year, according to Liberty, the company's output reached 1.3 million tons, which were mostly exported to China and India.

Editing by Benget Besalicto Tnb.