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Trada Alam Minera targets 5 million tonnes in coal production this year

22 May 2019 18:48

JAKARTA. PT Trada Alam Minera Tbk (TRAM) targets this year's coal production volume to reach 5 million tonnes after the increase of its production capacity by 1 million tonne.

TRAM CEO Soebianto Hidayat said that this year the company plans to increase its coal production capacity by 1 million tonne. Construction to increase the company's production capacity will start in mid-2019. "Construction will start by the end of the second quarter," Mr Hidayat told IDNFinancials.com, Wednesday (22/5).

Mr Hidayat said that in the second quarter this year coal production has shown signs of increasing, and thus he is optimistic that the 5 million-tonne target will be achieved.

"Our projection for Q2 is at least 1.2 million [tonnes]. We project that in the first semester we can reach 2.4 to 2.6 million tonnes. We will increase production in the second semester," Mr Hidayat explained. (KR/MS)

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