Bayan Expects Demand for Indonesian Coal to Remain Strong in 2024


Jakarta,- PT Bayan Resources Tbk (BYAN) continues to maintain positive performance amid fluctuations in global coal prices that occurred throughout 2023.

Bayan Resources Director Alexander Ery Wibowo said that the positive performance was inseparable from the strategies implemented by the company.

Some of them start with increasing coal production, efficient production planning, and an efficient logistics system.

“And also friendly weather at the end of 2023,” he said at CNBC Indonesia’s Mining Outlook 2024 event, Friday (2/2/2024).

According to Alex, fluctuating coal prices are quite common in the mining industry, both minerals and coal. So he does not see it as a big challenge.

Moreover, the company also has long-term contracts. In addition, Bayan is also strategizing by boosting coal production to overcome the issue of weakening prices.

“Increasing production in volume can compensate for the temporary decline in prices. Because volatility is a common thing, the key is how to create a low HPP and also a quantity at the right time,” he said.

Sources : Feb 07.24

in Coal
As planned, Bumi Resources (BUMI) Production Target Approved 80 Million Ton Coal