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PTBA will focus on coal downstreaming

04 February 2020 14:27

JAKARTA. A coal mining company, PT Bukit Asam Tbk. continue its business diversification process through coal downstreaming.

"The availability of coal will guarantee business diversification through coal downstreaming," said President Director of Bukit Asam Arviyan Arifin as quoted from the disclosure of information on Tuesday (2/2).

PTBA has launched its downstreaming in the Bukit Asam Coal Based Special Economic Zone Tanjung Enim in March 2019 by cooperating with Air Products as an upstream and downstream investor with a total investment of US$ 3.2 billion.

"This downstreaming is in accordance with our corporate tagline "Beyond Coal" where Bukit Asam began to transform to give added value to coal by processing it into end products such as DME, Methanol and MEG," said Arviyan.

In the disclosure of the information, it was revealed that PTBA had mined coal reserves of 3.33 billion tons and coal resources of 8.17 billion tons. (AM/AR)

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