Nov 30, 2010

UNTR expects 656 mio bcm in 2010

Heavy equipment distributor and coal miner PT United Tractors Tbk (UNTR) estimates its mining contracting business might reach 77 million tons coal production and 656 million bank cubic meter (bcm) in 2010.
In a public expose material submitted to Indonesia Stock Exchange (IDX), the company expects coal production and overburden removal to rise 10% next year.
In the construction machinery business, Komatsu sales volume is estimated to reach 5,400 units this year and increase 10% in 2011.
United Tractors, via its subsidiary Dasa Eka Jasatama (DEJ), expects 2.5 million tons coal sales volume, adding with 477,000 tons from Tuah Turangga Agung.
In 2011, DEJ is expected to maintain its current sales volume, including 1.5 million tons from Tuah Turangga. 

Disclosure: No position at the stock mentioned above.
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