JAKARTA, [IFN] - President Director of PT Bukit Asam (Persero) Tbk Milawarma stated, the depreciation of the rupiah against the dollar also benefit the company.
"The portion of our export revenues 65%, so that PTBA still able to compete with coal producers such as Australia and Venezuela," said Milawarma after the Annual General Meeting in Jakarta, Monday.
He added that 80% of the cost of production of the company's use of currency. That is, these fees are not greatly affect the performance of the company.
On the other hand, he acknowledges, the company still faced with a decrease in the price of coal that has been ongoing since February 2011. The condition was circumvented by lowering energy costs by maximizing the use of electricity, control triving ratio, lowering distance transport, as well as building the port.
"Port we can now ship with a capacity of 200,000 tons disandari or not fold than normal, so the transportation cost to the country of export PTBA be cheaper, the difference is entered into our premium price" he said.
To menhadapi coal competition, the company is still selling coal to domestic and overseas. Currently, the composition of domestic exports and about 45%: 55%.
"Then, we have benefited from the composition of the products of the lowest and the highest 4,000 calorie 6500-7000 calories," he said.
He is optimistic that the average price of the company's coal sales this year will be higher than last year
"The portion of our export revenues 65%, so that PTBA still able to compete with coal producers such as Australia and Venezuela," said Milawarma after the Annual General Meeting in Jakarta, Monday.
He added that 80% of the cost of production of the company's use of currency. That is, these fees are not greatly affect the performance of the company.
On the other hand, he acknowledges, the company still faced with a decrease in the price of coal that has been ongoing since February 2011. The condition was circumvented by lowering energy costs by maximizing the use of electricity, control triving ratio, lowering distance transport, as well as building the port.
"Port we can now ship with a capacity of 200,000 tons disandari or not fold than normal, so the transportation cost to the country of export PTBA be cheaper, the difference is entered into our premium price" he said.
To menhadapi coal competition, the company is still selling coal to domestic and overseas. Currently, the composition of domestic exports and about 45%: 55%.
"Then, we have benefited from the composition of the products of the lowest and the highest 4,000 calorie 6500-7000 calories," he said.
He is optimistic that the average price of the company's coal sales this year will be higher than last year
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