Bumi Resources to Intensify Coal Production

Bumi Resources to Intensify Coal Production

PT Bumi Resources Tbk plans to exploit nearly 100 million tons of coal in October 2010 and sales forecast for year end 2008 will reach 62 million ton.

Dileep Srivastava Senior Vice President Investor Relations & Corporate Communications PT Bumi Resources Tbk (04/21) said company’s plan to intensify production capacity in line with high demand of global coal market.

Bumi’s control 10% of global coal market share and one of the Indonesian biggest company from asset side.

Previously, Bumi had forecast that for 2008 coal sales price will reach USD 70 per ton.

Along with Bumi’s corporate plan, coal reserve that owned by Bakrie Group will be raise up to 6,7 billion ton from 1,4 billion ton.

According to September 2007 company’s data, Bumi rely on its two subsidiaries, PT Kaltim Prima Coal (KPC) with 940 million ton coal reserve and PT Arutmin Indonesia with 462 million ton reserve.

In 2007, company’s nett profit were USD 789 million, grew 350% from previous period USD 222 million. Bumi’s market capitalisation now USD 14 billion, Indonesian biggest number two after Telkom.

Perihal buletin
Blog Berita Buletin Bisnis Blog ini Berisi Ringkasan info Bisnis dan Ekonomi/ This Blog consist of economic and business news. Bila anda tertarik untuk memberikan kritik atau saran atau membutuhkan informasi lebih lanjut, silahkan kirim melalui email ke buletinbisnis@yahoo.com/ If you have any critic, suggestion or need further information, please feel free to send the question to buletinbisnis@yahoo.com

Tinggalkan Balasan

Isikan data di bawah atau klik salah satu ikon untuk log in:

Logo WordPress.com

You are commenting using your WordPress.com account. Logout / Ubah )

Gambar Twitter

You are commenting using your Twitter account. Logout / Ubah )

Foto Facebook

You are commenting using your Facebook account. Logout / Ubah )

Foto Google+

You are commenting using your Google+ account. Logout / Ubah )

Connecting to %s

%d blogger menyukai ini: