Oct 22, 2010

Bukit Asam 9M coal sales rises 10%

Publicly listed coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) posted a 10% coal sales volume at the end of September 2010, while coal production elevated 4%.
Bukit Asam President Director Sukrisno said the company produced 8.8 million tons in 9M 2009. It means that Bukit Asam's output reached 9.68 million tons in 9M 2010.
According to him, bad weather for this year hasn't affected the company's production volume. In the domestic market, Bukit Asam sold 75% or 7.26 million tons of the total sales.
 
Disclosure: No position at the stock mentioned above.

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