PT Adaro Minerals Indonesia Tbk. (ADMR) plans to open 3 more mines to meet demand from the coking coal market.

So far, the company, through its subsidiary companies, has operated two PKP2B concessions, namely through PT Lahai Coal (LC) and PT Maruwai Coal (MC).

MC is the only concession that carries out production activities and produces hard coking coal from the Lampunut mine, while LC is currently carrying out mine optimization.

Meanwhile, ADMR still has coal production pockets from Juloi Coal, Kalteng Coal and Sumber Barito Coal. Each has coal reserves of 55.5 million tons, 17.7 million tons and 5.8 million tons.

Director of Adaro Minerals Indonesia Totok Azhariyanto stated that the company is currently carrying out a detailed study process for 3 mines and further exploration.

In this way, Adaro Minerals is able to carry out competent development and production. ADMR, he continued, is currently preparing infrastructure such as hauling, fuel storage and employee accommodation.

Meanwhile, Deputy President Director of Adaro Minerals Indonesia Iwan Dewono Budiyono said he would gradually increase production in line with increasing demand from industry.

"We plan to increase coal production to 6 million tons from the 2 mines that are already producing," he said.

However, he did not rule out the possibility of opening a new mine to meet demand.

Director of Adaro Minerals Indonesia Hendri Tamrin also sees demand strengthening as the global economy improves.

"We believe that for metallurgical coal until the middle of this year, many countries will tighten monetary measures. "But by loosening [interest rates and monetary policy] there is potential for economic growth so that markets open," he said.

Currently, Japan is still the main consumer with absorption of 33%. Then followed by China 26% and India 20%. The contribution of other countries reached 21%.

"Currently we will continue to diversify [export destinations], we are focusing on Japan, China and India. "In future economic growth, it is likely that South and Southeast Asian countries will become centers of growth," he concluded.

Image source: ADMR

Source: www.market.bisnis.com/Permintaan Menguat, Adaro Minerals (ADMR) Bakal Buka 3 Tambang Lagi