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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