PT Adaro Minerals Indonesia Tbk. (ADMR), recorded operational performance growth in semester I/2023.
Christian Ariano Rachmat, President Director and CEO of ADMR, said that ADMR's coal production volume in the first half of 2023 reached 2.54 million tons, up 66 percent from the previous 1.53 million tons in the first half of 2022. Sales volume reached 1.82 million tons, up 42 percent from the previous 1.28 million tons.
All production in this period came from PT Maruwai Coal, which produces hard coking coal with very low ash, low phosphorus and high vitrinite content.
"The increase in production and sales volume in semester I/2023 reflects market recognition and acceptance of our quality products and is supported by solid operational aspects. We are ready to achieve the 2023 guidelines and execute projects, both for metallurgical coal and aluminum smelters," he explained in an official statement, Tuesday (8/8/2023)
Overburden removal reached 7.55 million bank cubic meters (Mbcm) in the first half of 2023, up 116 percent from the first half of 2022 of 3.50 Mbcm, resulting in a strip ratio of 2.97 times, or up 30 percent from the previous . Good contractor performance and favorable weather conditions encouraged an increase in overburden removal volume during this period.
According to Christian, Japan is the biggest market for ADMR with a contribution of 35 percent, followed by India 28 percent and China 20 percent. The company plans to expand its customer base by entering other key markets.
ADMR continues to invest in facilities and infrastructure with good progress in efforts to improve hauling roads , as well as improve fuel storage facilities and employee accommodation in the Tuhup Port area.
ADMR has started the tender process to select the main contractor for the construction of the second barge loading conveyor at Tuhup Port. This expansion will increase barge loading capacity, enabling the company to take advantage of favorable weather conditions (water depth).
Furthermore, the company is conducting a tender for contractors who will handle the expansion of accommodation in Lampunut to accommodate additional workers to support plans to increase coal production to 6 million tons per year.
Smelters Project
Through PT Kalimantan Aluminum Industry (KAI), ADMR is actively developing opportunities in the mineral sector, with a focus on downstream mineral processing. This business is leading the transformation of the Adaro Group to support a green economy.
In May 2023, KAI received financing of US$981.4 million and Rp1.54 trillion for the construction of an aluminum smelter with a capacity of 500,000 tons per year in an industrial area being developed by PT Kalimantan Industrial Park Indonesia.
In the second quarter of 2023, KAI completed land preparation, earthworks and temporary jetty construction and continued construction of other infrastructure-related facilities.
"Currently we are dedicating focus and efforts on construction activities in order to realize COD in 2025," explained Christian.
Image source: ADMR
