Adaro Energy's Coal Production Note: Soaring After the Pandemic

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Erlina Fury Santika 07/11/2023 19:50 WIB

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Adaro Energy recorded high coal production after the Covid-19 pandemic, peaking at 17.5 metric tons in the fourth quarter of 2022.

Coal Production Volume of PT Adaro Energy Tbk/Adaro by Quarter (2019-2023)

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Adaro Energy's Coal Production Note: Soaring After the Pandemic

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Coal Production Volume of PT Adaro Energy Tbk/Adaro by Quarter (2019-2023)

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Coal production by PT Adaro Energy Tbk increased throughout the first nine months of 2023.

Its financial report shows a 12% increase from January to September 2023, totaling 50.73 metric tons (mt). Meanwhile, overburden removal volume increased by 25% to 217.43 mbcm during the same period.

Analyzing quarterly production since 2019 reveals a decline in 2020-2021. This slump in production is attributed to restrictions on activities following the Covid-19 pandemic. At that time, coal production volume was in the range of 12-14 mt.

Adaro showed resilience and reversed the situation in Q2 2022 with a production volume of almost 16 mt. Subsequently, the volume strengthened, exceeding 15 mt.

Q3 2023 volume was recorded at 17.3 mt. This figure is actually down 2.25% compared to Q2 2023, which was 17.7 mt.

Q2 2023's output was the highest compared to production from 2019 to early 2023.

In addition, ADRO's coal sales volume was recorded at 16.5 mt. This achievement is down slightly by 2.36% from Q2 2023, which was 16.9 mt. For the nine months of 2023, the coal sold totaled 49.12 mt.

(Also read: [Coal Prices Fall, Adaro Energy's Profit Drops 35.96% in September 2023](https://databoks.katadata.co.id/datapublish/preview/2023/11/06/harga-batu-bara-jatuh-laba-adaro-energy-ikut-merosot-3596-september-2023))

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Adaro Energy's Coal Production Note: Soaring After the Pandemic

Adaro Energy's Coal Production Note: Soaring After the Pandemic

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Adaro Energy's Coal Production Note: Soaring After the Pandemic

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