Samindo Resources sets flat coal output target
Friday, April 1 2016 - 08:09 AM WIB
By Brigida Ernestina Elu Wea
IDX-listed coal mining services company PT Samindo Resources Tbk has set a flat coal production target for this year from its only client, East Kalimantan coal mining firm PT Kideco Jaya Agung, amid the lingering weak coal price environment.
Company Corporate Secretary Hananto Wibowo said on Thursday that coal production this year is targeted to reach 10 million tons, relatively the same as last year?s.
Meanwhile, overburden removal is projected to slightly increase to 45.2 million bcm from 33 million bcm last year, he said.
He added that to help cope with the current weak coal market condition, the company will continue to focus on efficiency measures.
Editing by Reiner Simanjuntak