JAKARTA: Amid the high coal price, coal miners continue their gains despite the concern over global economic crisis.Three miners that booked a surging net profit are PT Resource Alam Indonesia Tbk, PT Bukit Asam Tbk and PT United Tractors Tbk.Resource Alam, owned by The Adijanto, booked IDR214.4 billion net profit in the first half of 2011, skyrocket 208.09% from IDR69.59 billion on the same period last year.Bukit Asam booked IDR1.61 trillion profit or 78.9% higher than IDR901.06 billion.The gain was amid three factors; increase in coal price, higher sales volume, and production cost efficiency, Head of Investor Relations Eric Tirtana told Bisnis.Our average selling price in the second quarter rose to US$58.8 per ton from US$50.3 per ton in the first quarter.The member of Rain Groups sales recorded at IDR981.09 billion, skyrocket 137.24% from IDR413.55 billion, higher than operating expenses which rose 114.03% to IDR220.41 billion from IDR102.98 billion.Gross profit margin rose to 53.47% from 49.28%.Bukit Asam sales rose 34.92% to IDR5.12 trillion from IDR3.79 trillion.PT Onix Capitals analyst Bagus Hananto viewed the hike was boosted by higher average selling price in the first half and bigger sales volume to 3.5 million ton from 3.1 million ton in June 2010.The better selling price boosted company revenue to IDR5.1 trillion. Domestic price rose 26.5% to IDR760,554 per ton from IDR601, 106 per ton last year.For export, selling price rose to US$110 per ton from US$88 per ton.United Tractors pocketed IDR2.54 trillion net profit, rose 35% from IDR1.89 trillion.The gain was amid higher sales that reached IDR25.62 trillion and bright coal price at spot market, Investor Relations Ari Setiyawan told Bisnis.Two-third of PT Dasa Eka Jasatama, he continued, sold at spot market price while the remaining through contract. Furthermore, 100% of PT Tuah Turangga Agung sold at spot market.Consolidated, United Tractors, PT Astra International Tbks subsidiary, booked IDR25.62 trillion revenue, rose 42% from IDR18.08 trillion amid growth in all business lines. Heavy equipment business dominated the contribution by 51%, followed by mining contract 38.3% and mining 10.6%.Bagus recommended to buy Bukit Asam and United Tractors share with targeted price respectively at IDR25,700 and IDR30,000 per share.Adaro productionIn the mean time, PT Adaro Energy Tbk is projected to mine 23 million-24 million ton in the first half, 6%-10% higher than 21.62 ton on the same period last year.The higher production is amid good weather and a excellent mining contractor readiness. (14/Bastanul Siregar) (t05/msw)

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