Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a slight coal production of 1.54% in the first 7 months of this year.
Delta Dunia, parent of PT Bukit Makmur Mandiri Utama (BUMA), booked 19.8 million tons of coal production in 7M 2011 from 19.5 million tons in 7M 2010.
Overburden removal rose 16.03% to 186.7 million bank cubic meters (bcm) from 160.9 million bcm. Coal production in July reached 3.4 million tons from 3 million tons a year ago, while overburden removal in July was 32 million bcm from 25.2 million bcm in July last year.
Disclosure: No position at the stock mentioned above.
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