Indonesian Coal companies expect to meet 2023 production goals without revising plans

Several coal companies maintain optimism about achieving their production targets for 2023.

These coal firms have affirmed their commitment not to revise their production plans or Budget and Expenditure Work Plans (RKAB) for the year 2023.

Dileep Srivastava, the Director of PT Bumi Resources Tbk (BUMI), expresses confidence that the production target for this year can reach between 75 million and 80 million tons. “As of the end of September 2023, we believe our production falls within the range of 55 million tons,” mentioned Dileep in a conversation with Kontan on Monday (6/11).

The company has opted not to make any alterations to its production plan for this year, citing market dynamics and weather impacts as factors influencing production both to date and until the year’s close.

Similar sentiments are echoed by PT Bukit Asam Tbk (PTBA), anticipating coal production to reach 41 million tons this year. Niko Chandra, PTBA Corporate Secretary, disclosed that the coal production target for this year represents an 11% increase from the 2022 realization of 37.1 million tons.

“As of now, we have not submitted a revision for RKAB; total production in Q3-2023 reached 31.9 million tons,” affirmed Niko to Kontan on Monday (6/11).

Niko explained that coal production during the initial nine months increased by 15.2% from the same period in the previous year, reaching 27.7 million tons.

With the increase in production, PTBA’s coal sales until Q3-2023 also witnessed a 14.9% year-on-year increase to 27 million tons.

“The company remains optimistic about sustaining positive performance in alignment with the 2023 year-end target,” added Niko.

Meanwhile, Director of PT ABM Investama Tbk ( ABMM ) Adrian Erlangga explained that the company’s coal production achievements were still in line with the targets set.

“(Realization) is according to plan. We are not proposing a revision to the RKAB so we are still sticking with the original schedule,” said Adrian to Kontan, Monday (6/11).

For your information, ABMM is aiming for a production and sales target of around 12.4 million tons this year.

Meanwhile, PT Adaro Energy Tbk ( ADRO ) also still adheres to the same production guidelines. This means that there have been no changes to production plans for the remainder of this year.

“Until now there have been no changes to Adaro’s guidance for 2023. Adaro’s coal sales target for 2023 is 62 million tons – 64 million tons,” said Head of Corporate Communication Adaro Energy Febriati Nadira to Kontan, Monday (6/11).

It is recorded that ADRO’s coal production until the third quarter of 2023 reached 50.73 million tons. Along with the increase in production, ADRO recorded coal production sales reaching 49.12 million tons.

Referring to Minerba One Data Indonesia (MODI), the Indonesian government targets coal production at 694.5 million tons. To date, coal production has reached 635.57 million tons or the equivalent of 91.51% of the target.

Image source: ANTARA FOTO/Prasetyo Utomo

Source: Tutup Tahun Penambang Batubara Optimistis Target Tercapai

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