20230908_IATA_Laporan Informasi dan Fakta Material_31408692_lamp1.pdf

Coal Business Prospects

Despite facing several challenges such as rising fuel prices, royalty rates, and other operational
costs, the Company is optimistic that the coal business still has the potential for positive growth in
the second half of 2023.

Coal is an affordable energy source and the primary fuel in the electricity sector in some major
countries like India and China (49.6% and 48%, respectively). The International Energy Agency (IEA)
predicts global coal demand will reach 8,388 million tons, increasing by 0.4% in 2023. Exports
account for 65.0% of IATA's total coal sales in 2023. Among all exports, China ranks first with 57.7%,
followed by Vietnam and India at 21.6% and 19.4%, respectively.

The Government, through the Ministry of Energy and Mineral Resources, has set Indonesia's coal
production target for 2023 at 694.5 million tons. This target is higher than 2022’s production target
of 663 million tons. Of this target, 176.8 million tons are intended for domestic consumption, while
the remaining 517.7 million tons are targeted for export.



IATA manages 8 IUP-Production Operations in
Musi Banyuasin, South Sumatra, and actively
boosts production to meet the high demand for
coal and continues to explore in the search for
additional proven reserves. In 2024, the
Company will start production from IUP owned
by PT Arthaco Prima Energy (APE), which will
contribute significantly to IATA's business
growth.




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Based on the report from the Indonesian Joint Committee for Mineral Reserves (KCMI), currently,
IATA has coal reserves of 386.6 million MT. That total is generated from only around 20% of the
Company’s mining area of 72,478 Ha. IATA believes that coal reserves will keep increasing as the
exploration process shows additional proven reserves, at least as much as 600 million MT for all
IUPs.




      For further information, please contact:                                                            PT MNC Energy Investments Tbk
         Natassha Yunita – Head of Investor Relations                                                     MNC Tower, 22/F, MNC Center
         natassha.yunita@mncgroup.com                                                                     Jl. Kebon Sirih No. 17-19, Menteng
         office.iata@mncgroup.com                                                                         Jakarta Pusat 10340, Indonesia
                                                                                                          Phone: +62-21 391 2935
                                                                                                          www.mncenergy.com
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