Samindo Resources meets Q1 target
Tuesday, May 5 2015 - 03:54 AM WIB
IDX-listed mining services company PT Samindo Resources Tbk said that overburden removal at PT Kideco?s coal mine in Tanah Grogot District, Paser Regency, East Kalimantan Province, reached 12 million bank cubic meters (bcm) in the first quarter (Q1) of this year.
Business Development Director, Witoro S. Soelarno told Petromindo.com that this was in line with the company?s target.
Witoro added that in the first quarter, the company produced about 2.7 million tons from coal getting activity. The company?s target for coal getting activity at Kideco?s concession is around 11 million tons this year. ?So far the company?s performance in Q1 has been in line with the target,? he said.
Editing by Reiner Simanjuntak