KLHK Sanctions End, RMK Energy Starts Normal Operations

PT RMK Energy Tbk managed to load 50 barges with a total volume of 402.3 thousand metric tons (MT) of coal since starting normal operations in November 2023.

Until the November 2023 period, RMKE has loaded 852 barges with a total volume of 6.7 million MT of coal.

Similar to the volume of barge cargo, RMKE has also succeeded in dismantling 252 train series with a total unloading volume of 662.5 thousand coal MTs in November, an increase of 71.6 percent MoM.

RMKE President Director Vincent Saputra said, until the November 2023 period, RMKE had dismantled 3,907 train series with a total volume of 10.3 million MT coal.

"Operational performance tends to be stable compared to the same period last year even though RMKE is not operating to fix its operations and fulfill the administration recommended by the Ministry of Environment and Forestry for the last 3 months since early September 2023," Vincent said in an official statement, Wednesday, December 20.

RMKE also maintains on-time performance (OTP) for train unloading until November which is 45 minutes faster to 3:24 hours per train compared to train unloading time in the same period last year of 4:09 hours.

The use of fuel until the November period decreased by 5 percent due to the temporary cessation of operations during October 2023.

On average, the ratio of fuel use per MT of coal was still more efficient from 0.91 liters/MT last year to 0.90 liters/MT this year or 1.3 percent more efficient YoY YTD November 2023.

From the coal sales segment, as of November 2023, the Company has sold 2.01 million MT of coal or slightly decreased by 5 percent YoY due to operational obstacles in the production of the PT Truba Bara Banyu Enim (TBBE) in-house mine which had stopped, but had returned to normal operations in November 2023.

Vincent said that the operational performance of loading and unloading barges until November 2023 had reached the target for 2023 of 61.9 percent and 82.7 percent, respectively.

The achievement of coal sales volume has been achieved by 72.2 percent until the November 2023 period.

This achievement is still not optimal due to several obstacles faced by the Company in the last 3 months.

"We (management) see the importance of improving operations as something urgent rather than achieving the target to improve the implementation of GCG so that in the future RMKE can achieve both: excellent operational performance and social responsibility," said Vincent.