PT Bukit Asam Tbk (PTBA), a member of the MIND ID Mining BUMN Holding, successfully improved operational performance until the third quarter of 2023.

PTBA's total coal production in the first 9 months of 2023 reached 31.9 million tons, growing 15 percent compared to the same period in 2022, namely 27.7 million tons.

This increase in production is in line with an increase in coal sales volume by 15 percent to 27.0 million tons. 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," said Director of Finance and Risk Management of PT Bukit Asam Tbk (PTBA), Farida Thamrin.

As of Quarter III 2023, PTBA recorded a net profit of IDR 3.8 trillion. In terms of revenue, PTBA posted IDR 27.7 trillion. The company's total assets as of September 30 2023 were IDR 36.0 trillion.

Strategic projects continue to run to support the Company's performance. Effective October 7 2023, the Sumsel-8 Mine Mouth Steam Power Plant (PLTU) (2x660 MW) has reached Commercial Operation Date (COD) status, aka 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. 

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 is in line with the Company's target to increase railway coal transportation capacity to 52 million tons per year by 2024.

Image source: PTBA

Source: www.ptba.co.id/Pertahankan Kinerja, Bukit Asam (PTBA) Genjot Produksi dan Penjualan Batu Bara