KONTAN.CO.ID - JAKARTA. Publicly listed coal miner PT Adaro Energy on Monday released its operation guidance for 2019, which maintained the production target at between 54 million and 56 million tons of coal after it produced 54.04 million tons last year. The EBITDA [earnings before taxes, depreciation and amortization] for 2019 is between US$1 billion and $1.2 billion and capital expenditure is set at $450 million to $600 million, according to Adaro’s press statement. Adaro also announced its fourth-quarter report of 2018 with coal production at 15.06 million tons and sales of 15.12 million tons, a 21 percent and 22 percent increase year-on-year (yoy) respectively.
Adaro maintains coal production target for 2019
KONTAN.CO.ID - JAKARTA. Publicly listed coal miner PT Adaro Energy on Monday released its operation guidance for 2019, which maintained the production target at between 54 million and 56 million tons of coal after it produced 54.04 million tons last year. The EBITDA [earnings before taxes, depreciation and amortization] for 2019 is between US$1 billion and $1.2 billion and capital expenditure is set at $450 million to $600 million, according to Adaro’s press statement. Adaro also announced its fourth-quarter report of 2018 with coal production at 15.06 million tons and sales of 15.12 million tons, a 21 percent and 22 percent increase year-on-year (yoy) respectively.