Indonesia's Bukit Asam targets 41 million tonnes of coal output in 2023

JAKARTA : Indonesian state-controlled coal miner PT Bukit Asam is targetting an 11 per cent increase in coal output this year to 41 million tonnes, after posting a record-high profit in 2022, senior executives said on Thursday.

The company produced 37.1 million tonnes in 2022 and sold 31.6 million tonnes, including 12.5 million tonnes for exports, chief executive Arsal Ismail told reporters. Bukit Asam booked 12.6 trillion rupiah in net profit last year, up 159 per cent from a year earlier, as global prices of coal surged amid booming energy demand and supply disruption due to the war in Ukraine.

"This is the biggest profit in Bukit Asam's history," Arsal said. For 2023, Bukit Asam is aiming for a sales volume of 41.2 million tonnes.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia's palm oil exports to fall in 2023 -industry officialKUALA LUMPUR : Indonesia's palm oil exports are set to fall in 2023 as Jakarta has decided to increase use of the tropical oil in biodiesel, reducing the surplus available for overseas sales, an industry official said on Wednesday.The country's palm oil production is also likely to fall marginally in 2023
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wages in tech sector likely to grow slightly in 2023 despite industry slowdown, layoffs: AnalystsSINGAPORE — Wages in the technology sector are expected to grow slightly this year despite a spate of industry layoffs signalling a slowdown in the sector as demand for tech talent is still high for non-tech sectors such as finance and even hospitality, said economists and human resource (HR) experts. Doesn't make sense, lesser jobs but higher salaries 🤔
Source: TODAYonline - 🏆 1. / 99 Read more »