REPUBLIKA.CO.ID,JAKARTA - Indonesia's second-largest coal producer, PT Adaro Energy Tbk showed three percent increase on coal production, from 13.52 million tonnes in second quarter of 2013 to 13.86 million tonnes in same period in 2014.
According to Cameron Tough, Adaro's Head of Investor Relations & Corporate Secretary, the demand was high during the second quarter. Adaro could sell 14.47 million tonnes of coal, an increase of four percent compared to last year.
"We will focus on improving the efficiency and productivity of the operation, maintaining coal supply for our customers and a solid balance sheet," Though said on Tuesday.
In Q2 2014, company's new coal mining - Balangan in South Kalimantan - began its commercial operations by selling 53,274 tonnes of coal to customers in Thailand out of total production of 77,335 tonnes.
Adaro's market capitalization has reached 3.27 billion USD per June 2014, an increase of 18 percent compared to 2.76 billion USD per March 2014. Company's current stock price is in range of 940 IDR up to 1,325 IDR per sheet.
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