Berau Projects 12% Rise in Coal Output
Bareksa • 01 Jul 2014
A view of the coal mine under development. (REUTERS/Jim Regan)
The company’s revenue could reach approximately $1.46 billion this year.
Bareksa.com - Berau Coal Energy, a local unit of London-based Asia Resources Mineral, projects production growth of more than 10 percent this year amid sluggish global economic expansion and declining coal prices.
Arief Wiedhartono, a director at Berau Coal Energy, said in Jakarta Globe, the company targets production of up to 26 million metric tons of coal this year, a 11.6 percent rise from last year, assuming coal prices range between $55 and $56 per ton.