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Atlas Resources (ARII) Aims 4.3 Million Tons sales in 2023

www.emitennews.com

Wed 05 Jul 2023, 09:00 AM

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PT Atlas Resources Tbk (ARII) targets the export value to the Asian market throughout 2023 to reach 3.28 million tons, while coal sales to the domestic market reach 1.09 million tons.

ARII President Director, Andre Abdi explained, the Ministry of Energy and Mineral Resources has given Indonesia's coal export quota of 518 million tons in 2023, up 4.2 percent compared to 2022 which amounted to 497 million tons.

"This policy is a big opportunity for ARII to increase the Company's production, sales and revenue," he said in a public expose in Jakarta, Friday (30/6/2023).

He continued, coal prices are expected to rise gradually until the 2023 quarter when it enters winter at an average level of USD 70-80/ton (ICI4).

"We also hope that the price increase will be followed by an increase in coal demand by 30 percent per year for the next 3 years," he added.

For this reason, he said, the company will improve the quality of the Hauling Road by using geocell and geotextile technology to increase the capacity of coal shipments from the mine site to the port.

In addition, he explained, the company will use Fly Ash & Bottom Ash from the combustion residue of PLTU DSSP Sumsel 5 which can reduce costs by up to 50 percent compared to using split stone.

"We are targeting the volume of Fly Ash & Bottom Ash to be applied in 2023 of 100,000 tons (KM 60 - KM 130)," he said.

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Source: https://www.emitennews.com/news/ekspor-mendominasi-atlas-resources-arii-bidik-penjualan-batubara-43-juta-ton-di-2023

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