Nov 17, 2011

KPC, Arutmin output reach 47.1mio tons

Coal operating units of PT Bumi Resources Tbk, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, reported 47.1 million tons of coal production in 9M 2011. 
KPC, the most precious asset of Bumi Resources, produced 29.8 million tons in 9M 2011, a 6% increase over the prior period. Production at the Bengalon mine has been behind schedule and a portion of the site has now been subcontracted to a new contractor. KPC produced 11.6 million tons of coal, an increase of 29% from the third of 2010. 
Arutmin Indonesia produced 17.3 million tons of coal, an increase of 17% over the prior period. In the third quarter, Arutmin produced 5.8 million tons, a 71% jump from the third quarter of 2010.
Berau Coal, that is controlled by Bumi Plc, produced 14.3 millio tons and is expected to meet the 20 million tons target for 2011. In Q3 2011, Berau recorded 5.3 million tons of coal, an increase of 23% over Q3 2010. 
The group's expansion programme on track with 2014 target of 140 million tons. Berau Coal's expansion plan to achieve 30 million tons annual production in 2014 is on schedule.
KPC's expansion plans to achieve its 2014 target of 70 million tons is on schedule. The Sangatta expansion is underway, with the second overland conveyor under construction, with expected completion in the first half of 2012. 
The construction of the Melawan crusher and conveyor is on track for completion in 2012. Work has commenced on upgrading the Bengalon facilities.

Disclosure: No position at the stock mentioned above.

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