PTBA coal sales hit record 42.9 MT in 2024

By Romel S. Gurky

State coal miner PT Bukit Asam Tbk (IDX: PTBA) reported on Tuesday record-high coal sales of 42.9 million tons in 2024, a 16% increase year-on-year, driven by rising exports and domestic demand.

Exports accounted for 20.3 million tons, up 30% from the previous year, while domestic market obligation (DMO) sales reached 22.6 million tons, increasing 6% year-on-year, according to Corporate Secretary Niko Chandra.

While domestic sales remained dominant, export volumes expanded, accounting for 47% of total sales, compared to 53% from the domestic market.

Read also: PTBA to boost coal output in 2025

India remained PTBA’s largest export market, with shipments rising 32% to 6.4 million tons. Exports to Vietnam surged 250% to 3 million tons, while shipments to Thailand increased 153% to 1.6 million tons, and Malaysia saw a 221% jump to 888,700 tons.

The sales growth was supported by record-high production of 43.3 million tons and coal transportation volume of 38.2 million tons in 2024.

For 2025, PTBA targets production of 50 million tons, sales of 50.1 million tons, and transportation of 43.2 million tons, Chandra said, adding that the company continues to monitor market trends and external factors.

Editing by Alexander Ginting