UNTR - To enhance its ld mining business performance

United Tractors (UNTR) is aiming to enhance its ld mining business performance, with ld sales reaching 52.57% of the set target by May '23, amounting to 92.0k oz. The ld mining business contributed about 5% to the company's total revenue in 1Q23, with the company's consolidated net revenue at IDR34.9 tn. However, the net revenue from the ld mining unit fell 14% to IDR1.7 tn by March '23 due to reduced sales from the Martabe ld mine. UNTR is preparing the Sumbawa Jutaraya (SJR) mine for operations starting in 2024, and the company has allocated a capex of USD190.0 mn for maintaining existing facilities this year. (Source : Kontan)