Nov 12, 2010

Berau Coal picks 3 new contractors

PT Berau Coal Energy Tbk (BRAU), parent of Indonesia's fifth largest coal miner PT Berau Coal, has mandated three coal contractors in a bid to enlarge coal production by 20 million tons annually.
Andriani Pangemanan, Berau Coal Energy Corporate Secretary, said the company has picked PT Ricobana Abadi as contractor at Lati coal site, PT Madhani Talatah Nusantara, and PT Riung Mitra Lestari as contractors at Sambarata site.
"Most of our coal mining is done by two major contractors PT Bukit Makmur Mandiri Utama and PT Saptaindra Sejati," she said.
The company has set a 17 million target of coal production by the end of this year.
As of November, the coal production has outstripped 14 million tons. "We are optimistic to be able to meet our target." Berau Coal Energy targets 20 million tons coal production next year. 

Disclosure: No position at the stock mentioned above.

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