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[Ferro-Alloys.com] 

TBS Energi Utama (TOBA) Remains Optimistic Despite 2027 Mine Closures

The Director of PT TBS Energi Utama Tbk. (TOBA), Juli Oktarina, confirmed that the operations of the company's three coal mines will cease by 2027 at the latest. This closure is due to the depletion of the mines' reserves (fully mined out) and is part of TBS's strategic move to achieve its Carbon Neutrality target by 2030.

The three coal mines are PT Adimitra Baratama Nusantara (ABN), PT Trisensa Mineral Utama (TMU), and PT Indomining (IM).

Juli acknowledged that the closure of these mines will impact the company’s cash flow, especially since the majority of revenue is still reliant on the mining business. However, due to the company's commitment to reducing carbon emissions, TBS is transitioning its business toward green energy in the future.

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