UT?s May coal sales volume jumps more than 308%

IDX-listed heavy equipment and coal mining company PT United Tractors Tbk (UT) reported that coal sales volume in May of this year reached 1,149,000 tons, or a 308.90 percent increase compared to 281,000 tons in the same month of last year.

The company operates four coal mines including Prima Multi Mineral (PMM) in South Kalimantan, and Asmin, Tuah Turangga Agung (TTA), and Duta Nurcahya (DN) located in Central Kalimantan.

Meanwhile, UT?s mining contractor unit PT Pamapersada Nusantara produced 8.7 million tons of coal in May, down compared to 9.1 million tons in the same month of 2015. Pama?s overburden removal was 59.3million bcm, down compared to 68.6 million bcm in May 2015.

UT sold a total of 868 units of Komatsu heavy equipment in May, down from 1,173 units in the same period of last year. Of the 868 units sold in May, 182 units were sold to the mining sector.

Editing by Reiner Simanjuntak