PTBA Reactivates Ombilin Mine, Expands to Europe Amidst Strait of Hormuz Blockade

Bloomberg/KONTAN – April 7, 2026 – PT Bukit Asam Tbk PTBA announced plans to reactivate the historic Ombilin coal mine in West Sumatra following a mandate from BPI Danantara. PTBA Operations Director Ilham Yacob hopes to complete the environmental impact assessment (Amdal) and secure permits within six months to commence open-pit mining by late 2026, ahead of the initial 2027 target. The initial open-pit phase targets 2 million tons of reserves, while the subsequent underground mine holds an estimated 100 million tons.

Despite a 42.6% drop in 2025 net profit to Rp2.93 trillion due to global price corrections (Newcastle Index fell 22%), PTBA recorded a 9% year-on-year production increase to 47.2 million tons and a 6% sales bump to 45.4 million tons. For 2026, backed by a secured RKAB, the company targets 50 million tons of production. While prioritizing domestic energy security with a 54% sales a

Author: Mata Bumi