Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

United Tractors Plans to Buy Additional Coal Mines

Don't Miss Out —
Follow us on:

Dec. 2 (Bloomberg) -- PT United Tractors, Indonesia’s biggest seller of construction equipment and which also produces coal, plans to spend $450 million in capital expenditure next year, mostly to buy more mines, director Gideon Hasan said.

PT Pama Persada, United Tractors’ mining contracting unit, will spend about $400 million, half of which will come from external loans, Hasan said at a press briefing today in Jakarta.

United Tractors expects coal production and sales to reach 4.5 million tons in 2011, Hasan said. The average domestic price of coal will probably reach $90 per ton next year, he said.

Sales of heavy equipment will probably rise to 6,000 units in 2011 from an estimated 5,400 units this year, Hasan said.

To contact the reporter on this story: Widya Utami in Jakarta at

To contact the editor responsible for this story: Greg Ahlstrand at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.