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Jakarta
- Coal prices predicted to continue to decline in the second half of
2012 due to the excess reserves of 'black gold' in the world due to
falling demand.
Companies with mining areas in Kalimantan, PT Harum Energy Tbk (HRUM) predicts, the price of coal they send will decrease until the end of the year. The average price of coal company in the fourth quarter 2011 remained at U.S. $ 97 per ton, and then decreased to U.S. $ 94 per tonne in the first quarter of 2012. In late June 2012 fell back to the position of U.S. $ 87 per ton.
"We expect in the third quarter will be lower and continued to decline until the end of the year," said Director of Harum Energy Ray A Gunara in Jakarta, Thursday (09/20/2012).
Achievement of the average price of the company's sales in the first half is still relatively high, due to long-term contracts that have been agreed upon with the buyer since last year. But with the end of the contract, the customer would Harum Energy demand reduction selling price.
"Definitely after this many contracts expire, they would put a price on the latest index," he said. However, Ray did not mention the decline in the price range.
The Company also expects its production volume in 2012 will not reach the target. Harum Energy production can only meet about 12.5 million tons, down 500 thousand tons due to technical problems at one of the mining company, Coal Santan.
"At Santan Coal (SB) decreased from 3 million tonnes to 2.5 million tonnes due to a problem one block that is not running. Problems of logistics operations," he said.
Until now the company has to rely on the production of Coal Mine Harum (TBH) and Mahakam Sumber Jaya (MSJ). TBH has coal reserves of 12 million tonnes with a JORC resource of 39 million tonnes and a calorific value of 5400-5800 kcal / kg. Mine is just starting production in mid-2012.
MSJ has been producing 8 million tons in 2011. MSJ total reserves to 82 million tonnes and resources of 326 million tonnes of JORC.
source: detik.com
(WEP / dnl)
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Companies with mining areas in Kalimantan, PT Harum Energy Tbk (HRUM) predicts, the price of coal they send will decrease until the end of the year. The average price of coal company in the fourth quarter 2011 remained at U.S. $ 97 per ton, and then decreased to U.S. $ 94 per tonne in the first quarter of 2012. In late June 2012 fell back to the position of U.S. $ 87 per ton.
"We expect in the third quarter will be lower and continued to decline until the end of the year," said Director of Harum Energy Ray A Gunara in Jakarta, Thursday (09/20/2012).
Achievement of the average price of the company's sales in the first half is still relatively high, due to long-term contracts that have been agreed upon with the buyer since last year. But with the end of the contract, the customer would Harum Energy demand reduction selling price.
"Definitely after this many contracts expire, they would put a price on the latest index," he said. However, Ray did not mention the decline in the price range.
The Company also expects its production volume in 2012 will not reach the target. Harum Energy production can only meet about 12.5 million tons, down 500 thousand tons due to technical problems at one of the mining company, Coal Santan.
"At Santan Coal (SB) decreased from 3 million tonnes to 2.5 million tonnes due to a problem one block that is not running. Problems of logistics operations," he said.
Until now the company has to rely on the production of Coal Mine Harum (TBH) and Mahakam Sumber Jaya (MSJ). TBH has coal reserves of 12 million tonnes with a JORC resource of 39 million tonnes and a calorific value of 5400-5800 kcal / kg. Mine is just starting production in mid-2012.
MSJ has been producing 8 million tons in 2011. MSJ total reserves to 82 million tonnes and resources of 326 million tonnes of JORC.
source: detik.com
(WEP / dnl)
please give me comments thanks
Posted in: Coal prices
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