Kideco records significant 2001 production jump
Thursday, January 17 2002 - 01:59 AM WIB
East Kalimantan based coal-mining firm PT Kideco Jaya Agung recorded significant production jump from 8 million tons to 10.146 million tons in 2001.
The figure exceeded the company?s target to produce 9.5 million tons in 2001.
Earlier, the company?s managing director Kim Dong Sook said the company aimed to produce up to 11.5 million tons in 2002.
Kideco, a wholly owned subsidiary of South Korea?s Sam Tan Co. Ltd., is currently in the process of offering 37 percent of its stake to Indonesian owned business entity.(alex/godang)