Perkasa Inakakerta sees lower output this year
Monday, December 10 2012 - 02:49 AM WIB
By Edgar Subroto
East Kalimantan coal miner PT Perkasa Inakakerta (PIK), a coal unit of IDX-listed coal miner group PT Bayan Resources expects a lower output this year due to bearish global market condition, an official from the company told Petromindo.Com
PIK estimates to produce around 2.7-2.8 million tons in 2012, lower compared last year?s output of 3.2 million tons.
The mine, as of November has secured 2.5 million tons output, according to the company's source who declined to be named.
The company produces coal with CV of around 4,150-4,700 kcal/kg (GAR) and total sulphur content of between 1-2%
Editing by Adianto P. Simamora