PT Adaro Energy Indonesia Tbk. (ADRO) reported an increase in production to 35.74 million tons in the S1 2024.
In its operational performance report, ADRO recorded production of 35.74 million tons in the S1 2024, up 7% compared to the same period in 2023, which was 33.41 million tons.
Along with the increase in production, ADRO's coal sales also rose to 34.94 million tons, a 7% increase compared to 32.62 million tons in the S1 2023.
ADRO's overburden removal volume reached 141.58 million bank cubic meters (bcm) in the S1 2024. This volume represents a 9% increase compared to 32.62 million tons in the S1 2023.
ADRO's metallurgical coal sales through PT Adaro Minerals Indonesia Tbk. (ADMR) increased by 43% to 2.59 million tons in the S1 2024.
In the second quarter of 2024 alone, ADRO's coal production was recorded at 17.7 million tons, with sales of 18.5 million tons. While this production volume was lower than the 18.1 million tons in the first quarter of 2024, the sales volume increased from 16.5 million tons in the first quarter of 2024.
Geographically, ADRO's coal sales were distributed as follows: 26% to the domestic market in Indonesia, 24% to Northeast Asia, and 18% to Southeast Asia. Additionally, 18% of sales were to China, 11% to India, and 3% to other export destinations.
ADRO also reported that its subsidiary, PT Adaro Indonesia, produced 25.69 million tons of coal in the S1 2024, a 3% increase from the same period last year.
Another ADRO subsidiary, Balangan Coal Companies, recorded coal production of 4.45 million tons in the S1 2024, up 10% compared to the S1 2023.
Additionally, another ADRO subsidiary, PT Mustika Indah Permai, recorded higher coal production volumes in the S1 2024, reaching 2.61 million tons, with sales volumes of 2.86 million tons, 47% higher than in the first half of 2023.
Kestrel Mine also reported a production volume of 2.32 million tons, down 8% compared to the S1 2023. However, Kestrel's sales volume reached 2.29 million tons in the S1 2024, a 2% increase compared to the S1 2023.
