We are focused on delivering profitable production growth at PT Berau.
- Thermal coal prices are well underpinned in the long term by increasing Asian electricity demand.
- Our location gives us a freight distance advantage to our key markets over competitors situated in Australia, Colombia and South Africa.
- The near term outlook for coal prices remains challenging due to continued over-supply.
Link to strategy
Revenue shows the economic impact of
our growth objective. It is a function of
both coal mined and realised prices.
Realised prices fell 16% during the year.
*** 100% of PT Berau under local management reporting, in accordance with Indonesian GAAP, which has been used to provide a longer comparative period.