- Construction of the 92 km hauling road and jetty in South Sumatra is 30% completed and on schedule. We expect at least 40% completion and 100% road clearance by year end. There is no change to the completion and commissioning by the middle of 2026, with an additional two months required for it to be fully operational.
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- Coal prices have stabilised at the US$42 per MT level after 20 months of decline. Coal production in China has started to contract 2% y-o-y in July-August. China is implementing tighter controls against overproduction.
Key Highlights
Road and jetty construction within schedule.
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- Another milestone is the 100% clearing of the road, currently less than 12km remaining. This will give the company full rights of use of the entire 92km. The potential tolling road charges on the extra 25mil MT capacity are US$6-8 per MT, depending on the coal price.
Opportunity to monetise the infrastructure.
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