Indonesian state-owned coal producer Bukit Asam is aiming to increase coal exports' share to 47% in its overall sales, on the back of higher seaborne prices.
This requires the company to largely increase export for the rest of 2021 with exports making up only 33% of the company's sales in the first half year.
Bukit Asam produced 13.3 million tonne of coal in January-June, up 11% from the previous year, and coal sales increased 3% year on year to 12.9 million tonnes. It has targeted 30 million tonnes of coal production this year.
Boosted by rising production, the company's coal sales in the second quarter surged 63% from January-March level. The company said that it expects coal demand to remain robust for the rest of the year, especially with the high demand during winter season.
The company's domestic coal sales will be unaffected by the rise in exports, since domestic sales are usually made through long-term contracts.
Bukit Asam is eyeing to increase sales to China and build presence in the Philippines and Vietnam.
(Writing by Rebecca Liu Editing by Tammy Yang)
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