Sep 16, 2011

UNTR eyes 6 mio tons coal sales

Coal miner and contractor PT United Tractors Tbk (UNTR) expects 6 million tons in coal sales volume next year, an increase from 4 million tons last year.
Heavy equipment sales and contractor is estimated to grow 10% in 2012 from this year's target of 8,000 units equipments and 84 million tons  of coal.
"Our subsidiary, Dasa Eka Jasatama will produce 3 million tons and 2.5 million tons," said Sarah K. Loebis.
To boost the coal production, she said United Tractors will continue to acquire new concessions. The company recently bought 20% stake in PT Bukit Enim Energy in South Sumatra for consideration price of US$21 million
Sarah said United Tractors expects to produce 5.5 million tons of coal next year, a 22.2% higher than 4.5 million tons this year.
The company is scouting 8,000 unit of heavy equipments in 2012, a 33.3% increase from 2011's target of 6,000 units.

Disclosure: No position at the stock mentioned above.

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