Raras Cahyafitri, The Jakarta Post, Jakarta | Business | Wed, January 30 2013
With the opening of its new mine in Aceh, publicly listed PT ABM Investama has set out to sell 6 million metric tons of coal this year.
“This year, our mine in Kalimantan will operate for a full year. Meanwhile, we will start commercial operations at our site in Aceh,” ABM Investama corporate secretary Ade Satari announced on Tuesday.
ABM Investama is a member of Tiara Marga Trakindo Group, the distributor of Caterpillar heavy equipment, and runs its coal mining business through subsidiary PT Reswara Minergi Hartama, which has a concession in South Kalimantan held in turn by its subsidiary PT Tunas Inti Abadi, and in Aceh held by yet another subsidiary, PT Media Djaya Bersama.
The company has coal reserves and resources of 221 million and 561 million metric tons respectively.
Last year’s coal sales were slightly over 4 million metric tons.
Media Djaya Bersama’s subsidiary, PT MIFA, signed a sales agreement with PT Lafarge Cement Indonesia to deliver 255,000 metric tons of coal this year to Lafarge, for use in cement manufacture.
The agreement is valid for one year but can be extended for another five. It is Media Djaya Bersama’s first contract for the Aceh site.
ABM Investama and its subsidiaries will pursue more contracts this year.
“We not only seek contracts to supply utilities and power plants but other areas too, such as cement,” Ade said.
Nationwide, cement consumption topped 55 million tons last year, a 14.5 percent increase, year on year, and is expected to grow further this year on the back of increasing infrastructure and property projects.
“We are committed to preparing our business to respond to market demand, expected to revive in 2013. The MDB infrastructure development in Aceh is part of this commitment,” president director Andi Djajanegara said in a written statement.
“Adequate infrastructure will certainly help our subsidiaries improve their efficiency, which will have a positive influence on their performance,” he added.
ABM Investama is developing a conveyor belt for Media Djaya Bersama in Aceh, which should be completed in November this year.
ABM Investama director of corporate strategy Yovie Priadi believes that infrastructure development in Aceh requires at least US$125 million.
“We spent about 30 percent of the total amount in 2012 and the remainder will go this year,” Yovie said.
The company’s total capital expenditure this year will be between $275 million and $300 million.
With the opening of its new mine in Aceh, publicly listed PT ABM Investama has set out to sell 6 million metric tons of coal this year.
“This year, our mine in Kalimantan will operate for a full year. Meanwhile, we will start commercial operations at our site in Aceh,” ABM Investama corporate secretary Ade Satari announced on Tuesday.
ABM Investama is a member of Tiara Marga Trakindo Group, the distributor of Caterpillar heavy equipment, and runs its coal mining business through subsidiary PT Reswara Minergi Hartama, which has a concession in South Kalimantan held in turn by its subsidiary PT Tunas Inti Abadi, and in Aceh held by yet another subsidiary, PT Media Djaya Bersama.
The company has coal reserves and resources of 221 million and 561 million metric tons respectively.
Last year’s coal sales were slightly over 4 million metric tons.
Media Djaya Bersama’s subsidiary, PT MIFA, signed a sales agreement with PT Lafarge Cement Indonesia to deliver 255,000 metric tons of coal this year to Lafarge, for use in cement manufacture.
The agreement is valid for one year but can be extended for another five. It is Media Djaya Bersama’s first contract for the Aceh site.
ABM Investama and its subsidiaries will pursue more contracts this year.
“We not only seek contracts to supply utilities and power plants but other areas too, such as cement,” Ade said.
Nationwide, cement consumption topped 55 million tons last year, a 14.5 percent increase, year on year, and is expected to grow further this year on the back of increasing infrastructure and property projects.
“We are committed to preparing our business to respond to market demand, expected to revive in 2013. The MDB infrastructure development in Aceh is part of this commitment,” president director Andi Djajanegara said in a written statement.
“Adequate infrastructure will certainly help our subsidiaries improve their efficiency, which will have a positive influence on their performance,” he added.
ABM Investama is developing a conveyor belt for Media Djaya Bersama in Aceh, which should be completed in November this year.
ABM Investama director of corporate strategy Yovie Priadi believes that infrastructure development in Aceh requires at least US$125 million.
“We spent about 30 percent of the total amount in 2012 and the remainder will go this year,” Yovie said.
The company’s total capital expenditure this year will be between $275 million and $300 million.
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