PT Adaro Minerals Tbk (ADMR) has allocated capital expenditure (capex) of around US$ 70 million-US$ 90 million this year.

Heri Gunawan, Director of PT Adaro Minerals Tbk (ADMR) said that the capex is only for metallurgical coal, not including capex for aluminum smelters. "In 2023, the company plans to enter a number of new markets and increase sales volume to the domestic market," he said in an information disclosure quoted on Thursday (16/2).

In 2023, ADMR has set a sales volume target of 3.8-4.3 million tons of coal. This target is in line with the coal sales volume target in the medium term of 6 million tons per year.

The stripping ratio is set at 3.8 times because mining at PT Lahai Coal (LC) will resume. The LC strip ratio is higher than the strip ratio at PT Maruwai Coal (MC).

In 2022, this issuer recorded a strip ratio of 2.81 times, higher than the strip ratio in 2021 which was recorded at 2.14 times. (LK/LM)

Source: https://www.idnfinancials.com/news/46027/admr-allocates-capex-metallurgical-coal