Reswara expects to ship 300kt in January
Monday, January 21 2013 - 01:24 AM WIB
South Kalimantan coal miner PT Tunas Inti Abadi (TIA), a coal unit of PT Reswara Minergi Hartama is expecting to ship around 300,000 tons of coal during January 2013, an industrial source told Petromindo.Com.
Most of the total of 300,000 tons would shipped with vessels of handysize class and would be destined to China, the source said.
TIA started coal production in August 2009. The mine is located in Sei Loban, Angsana, Tanah Bumbu regency, and produces coal with calorific value of 5600 ? 5800 kcal/kg (ADB).
TIA has lowered its coal output due to unfavorable market situation to 3.3 million tons of coal in 2012 but the company is planning to produce around 4.5-5 million tons of coal this year.
Reswara is the coal mining unit of the IDX-listed group PT ABM Investama Tbk.
Editing by Adianto P. Simamora