· Up to 19 August 2010, Berau has obtained 17mn tons of coal sales contract worth US$1.02bn as the company settled on a sales price at US$60 a ton. This means that all of Berau’s 2010F production of 17mn tons has been sold in August 2010.
· The company’s current challenge is severe weather that may affect its production rate despite the company believes target will be fulfilled.
· To boost its coal production, Berau has allocated US$240.0mn of capex over the next four years in order to achieve its 30mn tons of coal production per year. The company also aims to acquire new coal mines however did not share further details on the schedule.
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