Friday, April 19, 2024

RMKE Energy, Atlas Resources collaborate in coal trading

Reading Time: 2 minutes
Audina Nur




PT RMK Energy (RMKE) through its subsidiary PT Royaltama Multi Komoditi Nusantara (RMKN) has established a collaboration with PT Atlas Resource (ARII) through its subsidiary PT Gorby Putra Utama (GPU) on coal trading with an operational cooperation (KSO) and offtake mechanism.

RMKE Energy President Director Vincent Saputra said that several strategies have been prepared to achieve this year’s targets, one of which is collaboration with mining producers in South Sumatra to increase coal sales volume.

Besides collaboration, RMKE is also optimizing in-house coal production and good cost control management amidst high rainfall challenges in the first quarter of this year.

“The biggest challenge in the first quarter of this year is the very high rainfall, but we are still optimistic about increasing coal sales volume through collaboration with ARII and several potential mines in South Sumatra,” Vincent said on Monday, March 25, 2024.

Vincent added that this collaboration would also improve the financial performance of the group through collaboration with Rantai Mulia Kencana and RMKO. “We will continue such collaborations in the future by providing integrated logistics solutions to mining producers in South Sumatra,” he said.

ARII is one of the coal producers in Indonesia with concession land totaling more than 200,000 Ha. Exploration and coal production activities are coordinated through six hubs, one of which is the Mutara Hub. The management of the Mutara Hub is carried out by the company’s subsidiary, including GPU, which has 4,395 hectares of land.

In this collaboration agreement, RMKE will conduct free on board (FOB) barge coal transactions produced from GPU’s coal mining concession area in Beringin Makmur 2 Village, Rawas Ilir District, North Musi Rawas Regency, South Sumatra. The traded coal amounts to 600,000 metric tons (MT) or 50,000 MT of coal per month, shipped through the Sriwijaya Bara Logistic Jetty, Pulai Gading Village, Bayung Lencir District, Musi Banyuasin Regency, South Sumatra.

With this collaboration, RMKE and ARII can improve their operational performance with facilities built by RMKO through investments from Rantai Mulia Kencana. Through this collaboration, RMKE can increase its revenue from coal sales.

Audina Nur






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
No topics
Schedule a free consultation with us:

We’ll contact you for confirmation.


PT MRT Jakarta sealed on Wednesday, April 17, 2024, a partnership agreement with Sojitz Corporation for the Phase 2A construction of railway tracks and signaling systems from the Hotel Indonesia turnabout  to Kota, valued at IDR 4.7 trillion (about US$ 290 million).
PT Asuransi Allianz Life Indonesia (Allianz Life) and PT Bank HSBC Indonesia (Bank HSBC) on Thursday, April 18, 2024, launched a financial protection product − the Premier Legacy Assurance − in the form of inheritance to support customers’ prosperous family life in the future.
Coordinating Minister of Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has announced that the government is prepared to provide incentives to attract investments from Apple Inc., akin to those in India and Thailand.
Abu Dhabi Islamic Bank (ADIB) is reportedly in talks to acquire a stake in PT Bank Syariah Indonesia (BRIS) worth approximately US$1.1 billion (IDR 17.98 trillion).
PT Harum Energy (HRUM) is about to release a maximum of 49 percent of its shares in subsidiaries in the nickel business, PT Harum Nickel Perkasa (HNP) and PT Tanito Harum Nickel (THN), to Chinese stainless steel smelting giant Eternal Tsingshan Group.
PT Atlantis Subsea Indonesia (ATLA) made a remarkable debut on the Indonesia Stock Exchange (BEI) on April 16, 2024, raising IDR 120 billion (US$7 million), and thus becoming the 21st issuer on the exchange this year.