Bukit Asam expects Rp 200b profit

Bukit Asam expects Rp 200b profit

JAKARTA: Publicly listed state-owned coal mining firm PT Bukit
Asam expects its net profit to reach over Rp 200 billion
(US$22.185 million) by the end of this year.

"The average selling price is good, while sales volume is also
increasing," said company president director Ismet Harmaini on
the sidelines of the state-owned companies (BUMN) working meeting
on Tuesday.

He mentioned that the price of coal on the domestic market now
stood at about $23.4 per ton while the international price was
$26.8 per ton.

Ismet also targeted the firm's production to reach 10.2
million tons by the end of this year. However, he said production
would be flat next year as the firm had reached the maximum limit
of its transportation capacity. -- JP