Coal Prices Under Pressure, Bukit Asam (PTBA) Optimistic Increasing Sales

June 11, 2024, 07.25 AM | Reporter: Diki Mardiansyah

ILUSTRASI. Sejumlah 'Heavy Dump Truck' membawa muatan batubara di kawasan tambang airlaya milik PT Bukit Asam Tbk di Tanjung Enim, Muara Enim, Sumatera Selatan, Selasa (16/11/2021). PT Bukit Asam Tbk menargetkan produksi batubara hingga akhir 2021 sebanyak 30 juta ton. ANTARA FOTO/Nova Wahyudi/hp.

COAL - JAKARTA. Despite recent pressures on coal prices, PT Bukit Asam Tbk (PTBA) remains optimistic that its sales volume will increase this year compared to the previous one.

It's worth noting that global coal prices for July 2024 contracts have plummeted amidst aggressive renewable energy capacity additions by China and India. According to Refinitiv, coal prices experienced a significant drop during the trading period of June 3-7, 2024.

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