INDONESIA – BUMI
January 1st, 2004
BY MARK ROWEBUMI Resources, Indonesia's largest coal producer, has set a target of increasing coal output by 40 per cent this year. In a move that the company says is aimed to capitalise on an increase in global coal prices that may rise by as much as 20 per cent, Bumi says it plans to produce around 43 million tons, up from 30.6 million last year. The company said that some 25 million tons of the company's total coal production this year would be derived from its newly acquired subsidiary PT Kaltim Prima Coal (KPC), and the remaining 18 million tons from its ...
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