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Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE


The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million tons this year as it acquires miners in the sector, a top executive said on Monday.

As Quoted by The Jakarta Globe, Sukrisno, president director of PTBA, said this year’s production target was part of the company’s drive to boost ouput to 50 million tons annually in four years.

“We are doing this step-by-step until we reach that 50 million target in 2015,” Sukrisno said during a hearing at House Commission VII, which oversees energy issues.

Sumatra-based PTBA plans to spend about Rp 1.8 trillion ($200) to finance expansion plans this year, including acquisitions of two coal miners operating out of Kalimantan.

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Source: The Jakarta Globe



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