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Bayan Resources Targets 57 Million MT Coal Production by 2024

Bayan Resources

Wed 13 Mar 2024, 14:28 PM

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PT Bayan Resources Tbk (BYAN) is targeting production volume to reach 57.0 million MT in 2024. The target is an increase of 14.69 percent from the realization of production in 2023 which amounted to 49.7 million MT.

"Our guidance for 2024 is to produce 55.0 to 57.0 million MT of coal. Meanwhile, the coal sales volume is 55.0 to 57.0 million MT," said PT Bayan Resources Tbk Corporate Secretary Jenny Quantero in the Exchange's disclosure of information, quoted on Wednesday (6/3/2024).

The coal sales volume targeted this year is up 16.53 percent to 20.76 percent from last year's sales volume of 47.2 million MT.

In terms of revenue, the company is targeting in the range of USD 3.3 billion to USD 3.6 billion. This figure is not much different from the company's revenue realization in 2023, which was recorded at USD 3.58 billion.

The average cash cost in 2024 is estimated in the range of USD 40.0-43.0 per MT compared to USD 40.2 per MT in 2023. The average selling price is estimated to range from USD 60.0 to 65.0 per MT, lower than the realization of the average selling price in 2023 which amounted to USD 75.8 per MT.

Capital Expenditure
To achieve this year's target, the company has prepared a capital expenditure (capex) of USD 230 to 260 million. This capital expenditure increased by 4.59-18.24 percent from the 2023 capital expenditure realization of USD 219.9 million.


Image source: Bayan Resources
Source: https://www.liputan6.com/saham/read/5543799/bayan-resources-targetkan-produksi-batu-bara-57-juta-mt-pada-2024? 

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