Mar 6, 2012

Bukit Asam eyes 39% rise in coal sales

PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with domestic market of 12.19 million tons and 6.46 million tons for export markets.
The company today reported a 4% increase in coal sales volume last year to 13.5 million tons from 13 million tons a year earlier.
President Director Milawarma said about 65% of the total sales were contributed by domestic market and the remaining from export market.
According to him, coal average selling price last year rose 24% to Rp755,220 per ton from Rp612,366 per ton, while the export market price rose to US$101.04 per ton from US$67.5 per ton.

Disclosure: No position at the stock mentioned above. 

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