JAKARTA. Some issuers of coal sector are optimistic to have better performance. Since the beginning of the year, the coal price has been increasing by 104.81%. Currently, coal price remains stable at the level of US$90 per metric ton. The improvement in coal price has encouraged some issuers to be more expansive to increase the sales target. For an example, PT Bukit Asama tbk (PTBA) expects to increase its coal production and sales by 20%-30% in the next years. Corporate Secretary of PTBA Adib Ubaidillah said that PTBA has 8.27 billion ton of coal resources, as well as a 3.3 billion ton total coal reserves. The improvement in coal price index has encouraged PTBA to start exporting coal with higher value of calories at around the levels of 4,800 to 5,000 kilo calorie per kilogram (Kcal/kg) since the second quarter of 2016. “Under the current index condition, PTBA has opportunities to secure high-calories coal reserves”, Adib told KONTAN on Wednesday (19/10).
Coal industries boost productions
JAKARTA. Some issuers of coal sector are optimistic to have better performance. Since the beginning of the year, the coal price has been increasing by 104.81%. Currently, coal price remains stable at the level of US$90 per metric ton. The improvement in coal price has encouraged some issuers to be more expansive to increase the sales target. For an example, PT Bukit Asama tbk (PTBA) expects to increase its coal production and sales by 20%-30% in the next years. Corporate Secretary of PTBA Adib Ubaidillah said that PTBA has 8.27 billion ton of coal resources, as well as a 3.3 billion ton total coal reserves. The improvement in coal price index has encouraged PTBA to start exporting coal with higher value of calories at around the levels of 4,800 to 5,000 kilo calorie per kilogram (Kcal/kg) since the second quarter of 2016. “Under the current index condition, PTBA has opportunities to secure high-calories coal reserves”, Adib told KONTAN on Wednesday (19/10).