As a result of the declining global price of coal, the Company’s average realized price for coal in 2014 also
declined by US$8.97/MT to US$72.80/MT compared to the average realized price of US$81.77/MT a year before.
The Company through the Subsidiary Entity PT Duta Tambang Rekayasa produced and sold a total of 523.10
MT and 497.36 MT of coal, respectively, in 2014. In comparison to those of 2013, the production and sale of
coal totalled 633.97 MT and 525.34 MT, respectively. The decline was prompted by the cost-efficiency strategy to
reduce operating cost by eliminating certain activities that did not contribute to optimum results during a bearish
coal market. Total revenues derived from the Company’s operations in 2014 declined to US$36.15 million, in
comparison with US$42.96 million a year before