PT Bumi Resources (BUMI) has received approval for the Work Plan and Cost Budget (RKAB) for the 2024-2026 period. BUMI received this RKAB approval through its two Special Mining Business Licenses (IUPK), namely PT Kaltim Prima coal (KPC) and PT Arutmin Indonesia (AI).
This year, BUMI plans to produce 80 million tons of coal. “The production ratio between KPC and Arutmin is 2:1,” Dileep told Kontan.co.id, Tuesday (2/1).
BUMI’s operational performance is quite moncer as of the third quarter of 2023. BUMI’s coal sales volume rose 5% year-on-year (yoy) to 54.3 million tons from 51.9 million tons previously. The volume of coal mined also rose 5% to 56.2 million tons from the previous 53.7 million tons.
Even so, the volume of overburden (OB) removal increased by 20% to 571.2 million bank cubic meters (bcm) from the previous 475.5 million bcm.
However, BUMI’s average selling price (ASP) per quarter III-2023 decreased 28% year-on-year (YoY) to US$ 85.2 per ton. As of September 2022, ASP BUMI at that time reached USD 118.7 per ton
This has depressed BUMI’s financial performance throughout the January-September 2023 period, which is reflected in the decline in net profit to revenue in this period.
This coal mining issuer posted revenue of USD 1.17 billion, a decrease of 15.78% from revenue at the end of the third quarter of 2022 which reached USD 1.39 billion.
Director and Corporate Secretary Dileep Srivastava said, when including the contribution of Kaltim Prima coal (KPC), BUMI’s consolidated revenue amounted to USD 4.76 billion. Meanwhile, what is included in the financial statements as of September 2023 according to PSAK 66 is USD 1.17 billion.
Image source >>> Kontan.co.id/Barly Halim
Source >>> https://industri.kontan.co.id/news/kpc-dan-arutmin-akhirnya-dapat-persetujuan-rkab-periode-2024-2026
Source https://djakarta-miningclub.com