Bukit Asam Tbk (PTBA), a coal mining company under PT Mineral Industri Indonesia (Persero) or MIND ID, is targeting coals sales volume this year to reach 43.1 million tons.
This target will be attainable through the optimisation of potentials of domestic and export markets. “We continue to maximise the domestic market potential, as well as export opportunities in several countries with high prospect of growth, be it existing or new market destinations,” said Farida Thamrin, Director of Finance and Risk Management of PTBA, in the Live Public Expose 2024 of PTBA held today (27/8).
In the second quarter (Q2) of 2024, PTBA managed to optimise export sales to Bangladesh and the Philippines. In addition, the potential of primary market targeted by the company, such as India, had also been optimised and thus increasing 37% yoy in Q2 2024.
On the other hand, PTBA also further enhances operational and production efficiency in order to maintain positive performance, starting from optimisation of stripping ratio to cash cost. This efficiency strategy has been implemented since the first half, resulting in revenue of IDR 19.6 trillion and net profit of IDR 2 trillion.
“We focus on optimising operational performance and sustainable efficiency in order to maintain positive performance of the company. We are optimistic that we could keep the performance positive and align with our target until the end of 2024,” added Thamrin. (KR/ZH)