We are focused on delivering profitable production growth at PT Berau.
Commentary
- 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
-7%
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.
KPI and performance
Coal mined (mt)
Link to strategy
+12%
Coal mined is a key measure of our growth in production. We slightly exceeded our target of 23mt in 2013.