Aggressive, RMKE Targets An Increase In Bar Rock Sales Volume To 3.5 Million MT

Coal (photo: dock. intermediate)

JAKARTA - PT RMK Energy Tbk (RMKE) targets an increase in coal sales volume by 3.5 million metric tons (MT) by 2024.

This target is quite aggressive considering the volume of coal sales in 2023 is only 2.4 million MT, down 5.4 percent yoy compared to the same period in 2022.

"In 2024, Management is more optimistic about the completion of operational constraints by fulfilling administrative sanctions to regulators and RMKE is ready to focus on operational activities in the future," Vincent said at a press conference in Jakarta, Thursday, April 18.

Vincent added, in addition to increasing sales volume, the company also targets the volume of barge cargo in 2024 of 9.9 million MT of coal. This number also increased compared to the achievement in 2023 which was recorded at 7.6 million MT of coal, slightly decreased by 3.2 percent yoy compared to to tofu n 2022.

Vincent admitted that the decrease in the volume of barge cargo and coal sales in 2023 had indeed decreased due to administrative sanctions from the Ministry of Environment and Forestry so that it affected the company's performance for 3 months.

"From the end of the third quarter to November 2023 we will complete everything. Operational 0. With this condition in 3 months there is no income and no activities at all," continued Vincent.

Vincent said, in 2024 RMKE will focus on continuing the implementation of the strategy that was delayed last year by continuing the construction of a hauling road to open access to coal production that is integrated with RMKE facilities.

In addition, RMKE will also collaborate with potential mines to increase sales volume and coal services and optimize the RMK Indonesian Group collaboration to improve group performance.

"With the completion of the hauling road mining support facilities, RMKE can collaborate with potential mines in South Sumatra to increase the volume of coal sales and services in the future," concluded Vincent.