Renuka Coalindo eyeing 600,000 ton output in 2015
Wednesday, January 28 2015 - 01:02 PM WIB
By Cepi Setiadi
Coal mining company PT Renuka Coalindo, Tbk is eyeing 600,000 ton output this year from its concession in Jambi, Sumatra.
Santanu Lath, Director of Renuka told Petromindo.com that the company will not increase coal production drastically since the coal market is still bearish.
"Just like the previous year, the price will not be good enough. So our production will be not far different from last year," he said adding that in 2014, the company only produced 550,000 tons of coal.
Editing by Johannes Simbolon