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Indonesian miner Bukit Asam's Q1 coal output up 7%

28th April 2023

By: Reuters

  

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JAKARTA - Indonesian miner Bukit Asam produced 6.8-million tonnes of coal in the first three months of the year, up 7% year-on-year, the State-controlled company said on Friday.

Total sales volume was 8.8-million tonnes, up 26%, the statement said.

The company posted 1.2-trillion rupiah ($81.83 million) in net profit in the first quarter this year, down from a 2.3-trillion rupiah profit in the same period last year.

A global coal price correction had affected its earnings this year, the company said, despite increase in sales volume.

In 2023, Bukit Asam aims to produce and sell around 41-million tonnes of coal.

 

Edited by Creamer Media Reporter

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