PKN to revise production target
Monday, July 16 2012 - 07:30 AM WIB
By Cepi Setiadi
Indonesia coal miner, PT Pesona Khatulistiwa Nusantara (PKN) said that it would revise production target from 3 million tons to 2.5 million tons in 2012 from Sekayan Block and Kelubir Block in East Kalimantan.
Jeffrey Mulyono, PKN's President Director told Petromindo that the target's revision due to the current bearish coal market. Jeffrey added that although there was no problem in production, but the company has a problem in selling its coal production amid the declining prices.
"That's why we would revise the target from 3 million tons to 2.5 million tons this year," he said.
Editing by Adianto P. Simamora