PT RMK Energy Tbk (RMKE) successfully loaded 946 vessels with a total volume capacity of 7.5 million tons of coal as of October 2024, an increase of 18.9% year-on-year (yoy) compared to the same period last year, which was 6.3 million tons of coal.

The company's President Director, Vincent Saputra, stated that the increase in service volume was supported by performance in October 2024, where RMKE managed to load the highest volume ever during its operations with 1.1 million tons of coal in a month.

"With this volume, RMKE has achieved 75.1% of its service volume target for this year," he said in a statement to the media on Friday, November 22.

Vincent continued, RMKE also succeeded in improving operational efficiency by maintaining unloading timeliness for trains at an average of 3 hours and 40 minutes, as well as reducing its fuel consumption ratio, which decreased by 10.8% yoy to 0.8 tons per liter.

In the coal sales segment, RMKE also managed to sell 2.31 million tons of coal by October 2024, an increase of 16.5% yoy, achieving 66.0% of its coal sales target for this year.

In terms of exports and local sales, they contributed 67% and 33% respectively to the total sales volume. Most of RMKE's coal sales volume comes from third-party coal mines, while its in-house mining production still contributes 32% to the total sales volume.

Vincent mentioned that the trend of increasing service volume and coal sales is supported by the growth in coal demand during the second half of the year, especially in the export market.

"Although coal prices tend to decline or stabilize, the growth in coal sales volume still outpaces and compensates for the impact of price normalization," Vincent added.

Further, Vincent mentioned that the increased demand for coal in the second half of this year has become a positive catalyst for RMKE, especially as the winter season approaches at the end of the year.

“We see RMKE's monthly operational performance, particularly in the services segment, continuing to improve significantly, especially in October 2024," concluded Vincent.