RMK Energy increases 2024 coal sales in Indonesia

RMK Energy, an Indonesian coal logistics and mining firm, announced a 19% increase in coal loading and sales volumes for 2024, reaching 9.02 million tons and 2.81 million tons, respectively. This growth is attributed to higher coal production from Sumatra. Despite a 13% drop in its own coal output, RMK offset this by sourcing coal from other companies. The firm focused on developing new mining areas, which increased costs due to a higher strip ratio. Looking ahead, RMK aims for a 35% rise in coal sales to 3.8 million tons in 2025 and a 24% increase in barge loading to 11 million tons. The company plans to enhance its logistics infrastructure to support these targets.