Feb 27, 2011

3 Indo coal mining contrators, target

Among three Indonesian's coal mining contractors, PT Saptaindra Sejati (SIS), a wholly owned subsidiary of PT Adaro Energy Tbk (ADRO), posted the highest growth in overburden removal with 11% increase last year, while PT Pamapersada Nusantara and PT Bukit Makmur Mandiri Utama (BUMA) posted 9% and 5.08% growth.        
Pamapersada is a wholly owned subsidiary of PT United Tractors Tbk (UNTR) and BUMA is also a wholly owned unit of PT Delta Dunia Makmur Tbk (DOID).
In term of volume, Pamapersada remained the largest coal mining contractor with 651.5 million bcm overburden, while BUMA made 291.9 million bcm, less than half of what Pama did and SIS posted 128.08 million bcm.
Pamapersada mined 77.9 million tons of coal, a 15% increase from 68 million tons in 2009, while two competitors BUMA dan SIS posted a 7.34% and a flat growth to 35.1 million tons and 16.58 million tons. How about this year? Why SIS has boldness to set aggressively target?
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Disclosure: No position at the stock mentioned above.

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