PTBA – Targets a higher production and sales volume in 2024

PTBA – Targets a higher production and sales volume in 2024 Bukit Asam (PTBA) is going to increase its production and expects higher sales volume next year, in order to offset lower coal price, which is based on global coal prices, market fluctuations, prices of other energy commodities and geopolitical conditions. For the rest of this year, PTBA still pursuing its 2023' target, which is in line with the increasing coal demand in 4Q23 and by maximizing the domestic and export market' potential, especially from India, Japan and Korea. Note that, PTBA' production volume reached 31.9 mn tons (+15% yoy) and sales volume of 11.2 mn tons (+24% yoy) in 9M23. (Source: Kontan)