Indonesian state-owned coal miner PT Bukit Asam is targeting around 30 million metric tons (mt) of coal production for 2020, according to Reuters. That’s a 1.5-million-mt increase over the company’s 2019 production. Bukit Asam Director of Commerce Adib Ubaidillah said 60% of the 2020 targeted production will be bought by the Indonesian power utility PLN and 30% will be shipped overseas, mostly to India. He said, “We will let the rest, the 10% float on the spot market.”
The company also said it had scrapped a plan to build a coal gasification project in Riau on Sumatra and focus on plants it is building near its mine in Tanjung Enim in South Sumatra, for efficiency reasons.
PT Bukit Asam Tbk received Indonesia’s Most Trusted Companies Award in Good Corporate Governance Awards 2019 organized by SWA Magazine. “The GCG implementation was highly supported by the performance of our employees and a good company management system and hence made us win this award,” said Arviyan Arifin, president, PT Bukit Asam Tbk.