Bums cuts sales target on heavy rain

摘要

Indonesian producer Bumi Resources has cut its sales target this year to 60mt, from an initial target of 64mt, as heavy rain hampered production in its Kalimantan mines. Bumi will sell 60-61mt at an average price of 70-71 dollars/t FOB this year, according to head of investor relations, Dileep Srivastava. That compares with sales of 58mt at 63 dollars/t FOB, last year.