PKN revises production target
Monday, July 27 2015 - 10:56 AM WIB
By Cepi Setiadi
Coal mining company PT Pesona Khatulistiwa Nusantara (PKN) has revised downwards its production target from 5 million tons to 3.7 million tons this year from its concession in Kelubir and Sekayan, North Kalimantan.
President Director Jeffrey Mulyono told Petromindo.com that the revision was made in the face of the continuously sluggish coal prices.
?Moreover, most of our clients are not able to absorb our production capacity,? he said adding that most of the company?s clients are from India
Editing by Johannes Simbolon