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Wednesday, January 19, 2011

Bumi Resources sees 2011 revenue at $5.1 bln

PT Bumi Resources , Asia's largest thermal coal exporter, sees 2011 full year revenue at about $5.1 billion as its selling price is expected to rise at least 10 percent from 2010, said Bumi director Dileep Srivastava on Wednesday.

Srivastava told Reuters the company expect to produce 67 million tonnes this year and sell 66 million tonnes, up from 60 to 61 million in 2010.

"Our average sale price is expected to reach at least $77 per tonne this year," said Srivastava, adding that it is higher than last year's average selling price of $70 per tonne. Source: Reuters

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