IDX-listed heavy equipment and mining firm PT United Tractors Tbk (UT) said it has revised upward its coking coal sales volume target this year to 1.4 million tons from the initial target of 1.2 million tons.
UT Corporate Secretary Sara K. Loebis was quoted by Kontan on Friday as saying that in the first eight months of this year, the company’s coking sales volume has reached 1.17 million tons, or 97.5 percent of the full-year initial target.
She said that demand for coking coal has been relatively stable, mostly exported to steel makers in Japan. The new coking sales target for this year is also higher compared to realized figure of 1.15 million tons last year.
Read also : UT’s coal mine unit sees lower production
In the first eight months of this year, UT’s total coal sales volume including thermal coal reached 6.72 million tons, up 6.13 percent compared to same period of last year. August sales volume, however, dropped 41 percent to 407,000 tons form previous month’s level.
UT has set coal sales volume target of 8 million tons for this year.
UT also saw sales of heavy equipment in August increased by 23.5 percent to 105 units from 85 units in July.
Editing by Reiner Simanjuntak
-600-x-500.jpg)
