Coal issuer PT Adaro Andalan Indonesia Tbk (AADI) targets coal production to reach 65.5 million tons this year.

Chief Corporate Communication & Corporate Secretary Adaro Andalan, Ray A. Singgih said the total production of AADI subsidiaries was in the range of 65.5 million tons.

"The total coal production projection is almost the same as that set for 2024," said Ray, Friday (3/1/2025).

As is known, before conducting a coal business spin-off , PT Alamtri Resources Indonesia Tbk (ADRO) or at that time Adaro Energy, targeted a coal sales volume of 65 million tons to 67 million tons, which included 61 million tons to 62 million tons of thermal coal.

Meanwhile, the remaining 4.9 million tons to 5.4 million tons of metallurgical coal from PT Adaro Minerals Indonesia Tbk. (ADMR). As of the end of September 2024, ADRO recorded coal production of 55.7 million tons.

Head of Corporate Communication Alamtri Resources, Febriati Nadira said this production reflects a 10% increase from the same period last year.

"Meanwhile, the sales volume for this period reached 53.66 million tons [as of Q3/2024], or up 9% from the nine-month period of 2023," said Febriati, Thursday (7/11/2024).

On the other hand, Adaro Andalan Indonesia President Director, Julius Aslan previously said that the current coal price is still quite high. In the future, he said, the coal price is still quite attractive, especially because the Asian market is still good.

"The prospect of coal in 2025 is still good, still attractive, but again, it all depends on economic growth in Asia because our market is mostly in Asia, including Southeast Asia," said Julius after listing AADI shares on the Indonesia Stock Exchange, Jakarta, Thursday (5/12/2024).

He continued, AADI is aware of the characteristics of the coal business which follows a cycle or is cyclical, and will be greatly influenced by global economic conditions.

According to Julius, currently the demand for coal still comes from China, Japan, and India, including in Southeast Asia such as Malaysia, the Philippines, and Thailand.

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