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Thursday, 29 November 12
BUMI TO PRODUCE 100 MILLION TONS OF COAL BY 2014


COALspot.com - Expansions on both BUMI’ s subsidiaries, PT Kaltim Prima Coal  (KPC)  and PT  Arutmin Indonesia ( Arutmin) , are on progress. Therefore the Company is confident to achieve between 73 and 75 million tons of coal mined this year and is on track to achieve 100 million tons by 2014, said, Director  and Corporate Secretary Dileep Srivastava during an annual public expose at the 2012 Investor Summit organized by the Indonesia Stock Exchange (IDX) yesterday.

BUMI’ s operational  performance is persistently strong, and, in spite of  the weakening demand from China, BUMI expects coal demand to strengthen in line with improvement in the economic sector.  Production cash costs increased due to the increasing production activities, the rising fuel costs, and high rainfall, company said in its presentation.

However BUMI sees, this situation is only temporary, which will soon improve and BUMI is prepared to maximize the opportunity when market recovers. 



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