BYAN - PT. Bayan Resources Tbk

Rp 18.975

+50 (+-0,26%)

JAKARTA - PT Bayan Resources Tbk (BYAN) is targeting coal production to reach 80 million metric tons (MT) in the next five years. This issuer also aims to score coals production and sales volume of 42 to 48 million metric tons (MT).

Alastair Mcleod, Director of BYAN, stated that as of now, Bayan’s growth has not stopped or reached its peak. “We are, in the coal mining industry in Indonesia, one of the newer players. And so, all of our licenses have actually quite a long time to go. So, we continue to invest,” he said during an interview with IDNFinancials yesterday (16/10).

According to McLeod, the investment put in by the company includes funding an infrastructure worth a total of USD 500 million. “We will start benefitting from it next year and over the next few years,” he added.

Within the past three years, the company has built a new logistical chain, including new haul road, new land conveyors, as well as crushing and barge loaders. By mid-next year, he said, that will be fully commissioned and is able to initiate operation.

“It will allow for organic growth at our mine site. And so, we'll be aiming to double production, coming out of Tabang,” he added.

BYAN’s existing infrastructure consists of 101 km of haul road and public road connecting Tabang Project with Muara Pahu barge loading facility. The road project, spanning 14 metres and crossing seven Belayan rivers with a 567-metre bridge and 150-metre sewers, is expected to be completed by the end of Q4 2023. Muara Pahu Port, which is projected to be equipped with three units of bargeloaders, will have its first unit operating in Q4 2023.

As is known, in Q4 2022, BYAN’s coal production reached 38.9 million MT. They came from Teguh Sinarabadi/Firman Ketaun Perkasa, Perkasa Inakakerta, Wahana Baratama Mining, Tabang Conssesions, Gunungbayan Pratamacoal, and Pakar North. (LK/ZH)