PT Harum Energy Tbk (HRUM) is optimistic about achieving positive performance by relying on its coal and nickel business lines in 2025.
HRUM Corporate Secretary Renny Soependi stated that market conditions will influence performance this year. Specifically, the coal sector is expected to remain strong and stable, similar to 2024. This is reflected in the projected coal price index, which is expected to average USD 120 per ton.
"As a player in the coal and nickel sectors, the company will continue to grow with a revenue mix that will increasingly lean towards nickel in the future," said Renny to Kontan, quoted on Sunday (9/2).
Renny explained that in 2024, 57% of consolidated revenue was contributed by the nickel business. For this year, HRUM projects that EBITDA will grow in line with the development of its nickel business.
Meanwhile, HRUM management ensures it will maintain the performance of its coal business by focusing on the development of existing assets and effective cost management.
Renny stated that for this year, the company targets coal production of approximately 5.4 million tons, in accordance with the Work Plan and Budget (RKAB).
"For our nickel business, we will continue to improve operational efficiency across all ongoing projects, including increasing production from PT Position (POS) mine," Renny explained.
Renny continued, stating that the company is also pushing forward with the high-pressure acid leaching project at PT Blue Sparking Energy (BSE). This project is reported to have reached over 50% completion. As a result, the project is expected to start contributing to the company's performance by the end of this year or early next year.
"The company (also) targets an increase in nickel production driven by the operation of the second smelter operated by PT Westrong Metal Industry (WMI)," Renny explained.
