Press Release

It still fresh in our minds and memories in February and March of PT Bukit Asam (Persero) Tbk or PTBA just celebrated its 34th anniversary. It is also at the end of March PTBA General Meeting of Shareholders for 2014 Fiscal Year conducted and shared its dividend amounting Rp705,7 billion or Rp324,60 per share for the fiscal year 2014. Many business society wondered and tried to measure how performance PTBA in the 2015.

PTBA planned to increase its sales volume in 2015 up to 23.70 million tonnes or increase 30% compared to the previous year. Although PTBA has not publish its performance up to May 2015, however, some indications have shown its bright performance in 2015.

Solving customer complaints that still finding stone pack in coal, resulted in manufacturing its own 2 (two) units of selective breaker. This innovation has saved PTBA of 35 billion rupiah when not buying them from abroad with price of 40 billion rupiah. The two units selective breakers manufacturing cost are below 5 billion rupiah. The first selective breaker unit has been completed in end of March 2015. Currently is on the stage of manufacturing the second unit.

PTBA also had effort to improve its railway infrastructure. These means of coal transportation are used to increase coal volume transportion from Tanjung Enim Mine to Tarahan Port and Kertapati Jetty. The current transportation annual capacity is 14.85 million tonnes of coal. The completed railway is expected to give  annual capacity increase of 28% to Rp 18.97 million tons.

Another effort was to increase the capacity Tarahan Port in Bandar Lampung to 25 million tons per year and is planned to commence operation in the second quarter of this year. With the increased capacity, the new additional wharf is able to berth 210,000 DWT (Capesize) while the existing wharf capacity is 80,000 DWT (Panamax) and a barge dock for 10,000 DWT. The increased port capacity will benefit PTBA coal buyer and efficiency in transportation costs.

One of the PTBA benefit was exchange rates. Because 85% of PTBA’s operational costs in the form of Indonesia rupiah, while 65% of its revenues in the form of US dollars. PTBA benefited from positive currency exchange rate differences.

PTBA now constanty monitor coal price, especially one that related to coal producers from Australia. As one Indonesia coal sellers, PTBA had strategic position in Indonesia. Especially to market coal countries in South Asia and East Asia countries which are the largest coal consumers.