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PT Adaro maintains coal production target for 2019

Coal News - Published on Thu, 14 Feb 2019

Image Source: The Jakarta Post
The Jakarta Post reported that publicly listed coal miner PT Adaro Energy on Monday released its operation guidance for 2019, which maintained the production target at between 54 million and 56 million tons of coal after it produced 54.04 million tons last year.

The EBITDA [earnings before taxes, depreciation and amortization] for 2019 is between USD 1 billion and $1.2 billion and capital expenditure is set at USD 450 million to USD 600 million, according to Adaro’s press statement.

Adaro also announced its fourth-quarter report of 2018 with coal production at 15.06 million tons and sales of 15.12 million tons, a 21 percent and 22 percent increase year-on-year (yoy) respectively.

The miner saw a 2 percent decline in coal sales compared to sales in the previous quarter.

Adaro closed 2018 with total coal production at 54.04 million tonnes, which was in line with their guidance in 2018 that was set at 54 million to 56 million tonnes. Coal sales stood at 54.39 million tonnes or 5 percent higher than the figure in 2017.

Source :

Posted By : Rabi Wangkhem on Thu, 14 Feb 2019
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