Coal miner PT Bumi Resources Tbk (BUMI) expects to book revenue of US$4.8 billion in 2010, increased 50% from US$3.2 billion in 2009, Investor Daily reported this morning.
Dileep Srivastava, Bumi's director, said the revenue increase was mainly supported by the increase of coal price and sales volume.
He said Bumi sold 60-61 million tons of coal with average selling price reching US$70 per ton.
For this year, Dileep said the company targets revenue to grow by 10% to US$5.2 billion in line with the expected 10% increase of coal price to US$77 per ton.
He said Bumi targets to produce 67 million and sell 66 million ton of coal this year.
He said Bumi sold 60-61 million tons of coal with average selling price reching US$70 per ton.
For this year, Dileep said the company targets revenue to grow by 10% to US$5.2 billion in line with the expected 10% increase of coal price to US$77 per ton.
He said Bumi targets to produce 67 million and sell 66 million ton of coal this year.
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