Jakarta: PT Adaro Energy Tbk’s achieved 58.03 million tonnes of coal production in 2019 from the company's thermal and metallurgical coal assets, supported by solid customers’ demand.
"PT Adaro Energy Tbk delivered on 2019 operational targets for both production volume and strip ratio," the company said in a press release issued on Monday, February 17, 2020.
Last year, the company produced 58.03 million tonnes (Mt) of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro MetCoal Companies (AMC), 7 percent higher compared to 2018 and higher than our 2019 production guidance of 54-56 Mt.
In addition, overburden removal reached 272.09 million bank cubic meter (Mbcm) and resulted in a blended actual strip ratio of 4.69x for 2019, slightly higher than our 2019 guidance of 4.56x.
Solid demand for the company's thermal and metallurgical coal products underpinned its 2019 sales achievement of 59.18 Mt, 9 percent higher year-over-year (y-o-y).
The Southeast Asia region constituted 42 percent of the company’s sales in 2019. Meanwhile, East Asia made up 29 percent of sales, followed by India and China at 15 percent and 12 percent, respectively. This is in line with India’s higher coal import in 2019.
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