Newly listed coal miner Alfa Energi Investama (FIRE) targets to produce 800,000 tons of coal in 2018. It will boost coal production from subsidiary PT Alfara Delta Persada. FIRE also expects its indirectly-owned PT Berkat Bara Jaya to commence production in early next year. For this year, FIRE targets coal production of 500,000 tons. In 2016, its coal production reached 400,000 tons. FIRE listed and traded its shares on IDX on Friday last week (June 9), starting with market capitalization of Rp650 billion. It offered 300 million shares through IPO at price of Rp500.
