Adaro Group's metallurgical coal and metals mining entity, PT Adaro Minerals Indonesia Tbk. (ADMR), reported operational performance growth in the first half of 2024.
Danuta Komar, Investor Relations at Adaro Minerals Indonesia, stated that ADMR's coal production volume in the first half of 2024 reached 2.98 million tons, a 17% increase compared to the first half of 2023. Meanwhile, the sales volume reached 2.59 million tons, a 43% increase from the previous 1.28 million tons.
All production during this period came from PT Maruwai Coal and PT Lahai Coal, which produce hard coking coal with very low ash content, low phosphorus, and high vitrinite.
"Sales volume to the domestic Indonesian market increased due to solid demand from domestic coking plants. Indonesia accounted for the largest share of sales in the first half of 2024, at 37%. Japan, accounting for 29% of sales, was the largest export destination during this period," Danuta said in an official statement on Monday, August 5, 2024.
Other export destinations for ADMR included South Korea, contributing 15% to the total sales volume, China 11%, India 5%, and Malaysia 3%.
Overburden removal reached 10.36 million bank cubic meters (Mbcm) in the first half of 2024, a 37% year-on-year increase. This resulted in a stripping ratio of 3.48 times, a 17% increase compared to the first half of 2023. Good contractor performance and favorable weather conditions drove the increase in overburden removal volume during this period.
Additionally, Danuta mentioned that investments in facilities and infrastructure to support volume increases are progressing well.
The company is currently implementing several facility and infrastructure projects from the mine to the port. The initial phase of road transport upgrades covers a 39 km stretch, and in the first half of 2024, the company began applying chipseal to some sections of this transport road.
"The company also made good progress on the second barge loading conveyor, which will have a loading rate of 3,000 tons per hour and will enhance its barge loading capacity," she added.
