Bumi Resources sees Q2 coal sale price up 26 pct y/y

Bumi Resources , Asia's biggest thermal coal exporter, said on Tuesday that its average coal sales price in the second quarter could reach $90 per tonne, or 26 percent higher than the same period a year ago.

This would be nearly 3 percent higher than first quarter prices.

Dileep Srivastava, a Bumi director, told Reuters that the company will sell around 15 to 15.5 million tonnes of coal in the second quarter despite continuing wet weather in Indonesia's Kalimantan. Source: Reuters