PT Tambang Coal production Pressing

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PT Tambang Coal production Pressing

Thursday, 04 February 2010 09:05

JAKARTA: PT Tambang Coal Bukit Asam Tbk (PTBA) will boost coal production this year to 19.2 million tons, up 20% compared with last year's production reached 16 million tons.
CEO says persero Sukrisno PTBA has set several steps to support the purpose of increasing production, one form of corporate action by an acquisition of a mining area.

"We dare to raise production targets because of limited company had been planning to take action against a number of acquisitions of mining areas. If it was running steadily, the production will certainly increase," he said yesterday.

In the framework of corporate action this year, he added limited company has set aside Rp1, 5 billion for acquisitions in 2010. PTBA is now also being made an offer of a mining authority (KP) which is in addition to Greenfield in Kalimantan mines abroad such as Australia and Africa.

"At home we do have intensified, while the overseas acquisitions made in 2010 yet. That makes the plan medium and long term."

According to Sukrisno, acquisition will be funded from internal cash adjusted enterprise supply conditions. However, he added, when the acquisition process requires greater funds from the budget is not closed the possibility to finance them through a bank loan.

In connection with the production plan this year, he revealed about 15.26 million tons of coal or 80% of the production plan this year already has a contract to sell, both domestic and export.

PTBA now has a buyer in the country, namely PT Perusahaan Listrik Negara (Persero) and PT Indonesia Power, approximately 5.5 million tons, PLN's Tanjung Enim 1.2 million tons, Tarahan PLN 1 million tons, and 750,000 tons of cement Baturaja.

Though the contract still had been established, explaining the company's Sukrisno still make sales to domestic consumers in the spot market on a small scale that come from sugar factories, chemical plants.

Meanwhile, for export purposes was state-owned mines have established contracts with a number of traditional buyers from Japan, Malaysia, Taiwan, and Thailand and to develop exports to China, Pakistan and India. "Demand China, Pakistan and India are generally for the purposes of fuel for energy."

In the context of national production, Coal Mining Association of Indonesia (APBI) reported national coal production in 2010 is targeted to reach 275-280 million tons.

Production target is higher than the realization in 2009 that reached 254 million tons, which is 85% of which is contributed APBI.