Press Release

In order to maintain financial performance in the midst of a downward trend in coal prices, PT Bukit Asam (Persero) Tbk. (PTBA) is currently tighten their belts or efficiency until the end of 2016.

PTBA President Director Ir. Arviyan Arifin said that efficiency savings derived from investment of Rp3.5 trillion and operating costs amounting to Rp500 billion.

"Some of efficiency in investment and also operational been done," said Arviyan at the Jakarta Convention Center, Thursday (09/08/2016), as quoted by kompas.com.

Commodity prices weakened amid the background of the company to improve efficiency in order to maintain the company's performance in order not to experience a correction.

"The condition of the business has changed, this time first studied under conditions of high prices are now lower then this investment is not feasible, so we delayed without disrupting the company's operations," he said.

One example of efficiency that is done is related to equipment investment. Without investment in equipment, the company still can produce. Investment assets such as housing are also being reviewed by the company.

According Arviyan, efficiency plan that will affect the company's financial performance. "The investment that's not directly to the cost, because it directly to the depreciation costs, but certainly reduce depreciation us, so that our bottomline remains high," he explained.

Arviyan also said the company will continue to make savings of up to Rp4 trillion.