May 24, 2011

Bukit Makmur vs Pama in 4M output

Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID), parent of PT Bukit Makmur Mandiri Utama (BUMA) posted a 20.2% increase and 1.9% drop in overburden removal and coal output during the first 4 months of this year (4M 2011).
Delta Dunia recorded 100.6 million bank cubic meter (bcm) of overburden removal and 10.5 million tons of coal output in 4M 2011, said a note distributed by Mandiri Sekuritas today. 
Delta Dunia's OB removal and coal output in April grew 8.7% and 1.5% to 25.4 million bcm and 2.7 million tons. 
PT Pamapersada Nusantara, Indonesia's largest coal mining contractor and owned by PT United Tractors Tbk (UNTR), recorded 227.7 million bank cubic meter (bcm), a 11% growth from 205.1 million bcm a year earlier.
Coal production slightly increased 2.8% to 25.4 million tons from 24.7 million tons. United Tractors's coal miner units sold 1.42 million tons of coal, a 51.2% jump from 939,000 tons.  

Disclosure: No position at the stock mentioned above.
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