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Publicly listed coal mining company PT Tambang Batubara Bukit
Asam aims to boost its revenue this year by up to 50 percent on the
back of an estimated 10 percent increase in production.
President director Sukrisno said Friday the firm expected its
production to rise to at least 10 million tons this year, or slightly
above 10 percent higher than last year's 9 million tons.
Coupled with an estimated 3 million tons of coal it expects to purchase
from a third party and resell, Sukrisno was upbeat revenue would hit Rp
6 trillion, up from Rp 4 trillion last year.
"We are optimistic of being able to sell some 13 tons this year, or
more than 2 tons more than last year's total of 10.89 tons. From that,
the company will receive total revenue of up to Rp 6 trillion with a
net profit reaching Rp 1 trillion," he said.
Last year, the company booked Rp 760 billion in net profit.
He said the company was making several expansion moves, including
teaming up with government railways firm PT Kereta Api Indonesia (KAI)
for transportation of its coal from its main mining base in Tanjung
Enim, South Sumatra.
With KAI, Bukit Asam would set up a joint venture company to raise the
company's annual capacity to transfer coal from Tanjung Enim to the
seaport to up to 20 million tons by 2015.
"We expect to implement the plan later in the first semester as we're
done with the feasibility study and waiting only for approval from the
shareholders in April," he said.
The venture would cost US$734 million in capital expenditure to develop
infrastructure such as railways, locomotives, railway coaches, bridges
and roadways.
The project would include fixing the existing 416 kilometers-long
railway connecting Tanjung Enim to Tarahan in Lampung, and the 16
kilometer lane from Tanjung Enim to Palembang, South Sumatra.
In cooperation with China Railways Engineering and local firm PT Trans
Pacific, Bukit Asim also plans to develop a new 308 kilometer railway
specially dedicated for the transportation of coal from Tanjum Enim to
Tarahan in Lampung.
Sukrisno said the lane was estimated to cost some $1 billion.
Last year, the domestic market consumed 70 percent of the firm's total
production.
"State-owned electricity company PT Perusahaan Listrik Negara (PLN) is
our main consumer, taking up between 60 to 65 percent of the total
production," said Sukrisno.
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