ITMG reports flat output

By Romel S. Gurky

IDX-listed coal mining firm PT Indo Tambangraya Megah Tbk (ITMG) reported that output in the third quarter of this year reached 7.7 million tons, or the same as in the corresponding period of last year.

ITMG said in a presentation material Monday that production this year has been targeted at 29.5 million tons.

ITMG has five producing coal concessions namely PT Indominco Mandiri, PT Trubaindo Coal Mining, PT Bharinto Ekatama, PT Kitadin (Embalut and Tandung Mayang) and PT Jorong Barutama Greston.

Editing by Reiner Simanjuntak