ITMG reports flat Q1 output
Thursday, May 8 2014 - 03:38 AM WIB
By Romel S. Gurky
IDX-listed PT Indo Tambangraya Megah Tbk (ITMG) reported on Wednesday that coal production in the first quarter of this year reached 7.1 million tons, or the same with output in the same period of last year.
The company said in a presentation materials that coal production volume for this year is targeted at 29.5 million tons, while sales volume at 29.7 million tons.
ITMG, which is a subsidiary of Thai energy giant Banpu PCL, operates five coal mine units in Indonesia including PT Indominco Mandiri, PT Trubaindo Coal Mining, PT. Bharinto Ekatama, PT. Kitadin and PT Jorong Barutama Greston.
Editing by Reiner Simanjuntak