PT RMK Energy (RMKE), through its subsidiary PT Royaltama Multi Komoditi Nusantara (RMKN), has established a collaboration with PT Atlas Resource (ARII), through its subsidiary PT Gorby Putra Utama (GPU), on coal trading with an operational cooperation (KSO) and offtake mechanism.
RMKE Energy President Director Vincent Saputra said several strategies have been prepared to achieve this year’s targets, including collaboration with mining producers in South Sumatra to increase coal sales volume.
Besides collaboration, RMKE is also optimizing in-house coal production and good cost control management amidst high rainfall challenges in the first quarter of this year.
“The biggest challenge in the first quarter of this year is the very high rainfall, but we are still optimistic about increasing coal sales volume through collaboration with ARII and several potential mines in South Sumatra,” Vincent said on Monday, March 25, 2024.
Vincent added that this collaboration would also improve the group's financial performance through collaboration with Rantai Mulia Kencana and RMKO. “We will continue such collaborations in the future by providing integrated logistics solutions to mining producers in South Sumatra,” he said.
ARII is one of the coal producers in Indonesia, with concession land totaling more than 200,000 Ha. Exploration and coal production activities are coordinated through six hubs, one of which is the Mutara Hub. The management of the Mutara Hub is carried out by the company’s subsidiary, including GPU, which has 4,395 hectares of land.
In this collaboration agreement, RMKE will conduct free-on-board (FOB) barge coal transactions produced from GPU’s coal mining concession area in Beringin Makmur 2 Village, Rawas Ilir District, North Musi Rawas Regency, South Sumatra. The traded coal amounts to 600,000 metric tons (MT) or 50,000 MT of coal per month, shipped through the Sriwijaya Bara Logistic Jetty, Pulai Gading Village, Bayung Lencir District, Musi Banyuasin Regency, South Sumatra.
With this collaboration, RMKE and ARII can improve their operational performance with facilities built by RMKO through investments from Rantai Mulia Kencana. Through this collaboration, RMKE can increase its revenue from coal sales.
Image source: Bisnis / Husnul Iga Puspita
Source: https://indonesiabusinesspost.com/risks-opportunities/rmke-energy-atlas-resources-collaborate-in-coal-trading/
