PT Bukit Asam Tbk (PTBA), a member of the MIND ID Mining BUMN Holding, stated that it would continue to strive to increase coal production and sales both domestically and abroad. PTBA’s Director of Finance and Risk Management, Farida Thamrin, said that PTBA’s total coal production in the first nine months of 2023 reached 31.9 million tons or grew 15 percent compared to the same period in 2022 of 27.7 million tons.
Meanwhile, this increase in production is in line with an increase in coal sales volume by 15 percent to 27.0 million tons.
On the other hand, the company continues to increase its export portion measurably without ignoring domestic needs.
Until the third quarter of 2023, the company recorded export sales of 11.2 million tons, an increase of 24 percent compared to the same period the previous year. Meanwhile, the realization of Domestic Market Obligations (DMO) was recorded at 51 percent.
“PTBA continues to optimize operational performance achievements and implement efficiency in all company business processes, in line with targets until the end of 2023,” Farida said in Publix Expose Live 2023, Monday (27/11/2023).
As for the third quarter of 2023, PTBA’s revenue reached IDR 27.7 trillion and recorded a net profit of IDR 3.8 trillion. Meanwhile, the company’s total assets as of September 30 2023 were IDR 36.0 trillion.
Farida said that strategic projects were continuing to support the company’s performance.
Effective from October 7 2023, the Sumsel-8 Mine Mouth Steam Power Plant (PLTU) with a capacity of 2×660 Megwatt (MW) has reached Commercial Operation Date (COD) status or is operating commercially.
This plant applies Supercritical Steam Generator technology which is efficient and environmentally friendly, as well as Flue Gas Desulfurization (FGD) technology to reduce exhaust gas emissions.
“This FGD technology can reduce sulfur dioxide from exhaust gas emissions from coal-fired power plants,” he said.
Apart from that, PTBA and PT Kereta Api Indonesia (Persero) or PT KAI agreed on a cooperation framework for developing coal transportation on the Tanjung Enim Baru – Keramasan link on October 12 2023. This collaboration is to support the company’s target of increasing railway coal transportation capacity to 52 million tons per year by 2024.
