Indonesia's coal production has reached 793.63 million tonnes as of December 23 in 2024, far exceeding the 710-million-tonne target set at the beginning of the year, according to data from the Ministry of Energy and Mineral Resources.

Among the many coal companies, five stood out and became the core force of Indonesia's coal production. They are PT Bumi Resources Tbk (Bumi), PT Alam Sumber Indonesia Tbk (Adaro), PT Bayan Resources Tbk (Bayan), PT Golden Energy Mines Tbk (GEMS) and PT Bukit Asam Tbk (PTBA).

As the largest coal producer in the country, Bumi's coal production reached 57.3 million tonnes by the third quarter of 2024. Although it was slightly higher than 56.2 million tonnes in the same period of 2023, the company still set a high production target of 76-78 million tonnes for the whole year, showing its confidence in the market outlook.

Adaro was followed, with output of 55.7 million tonnes of coal in the first three quarters of 2024. The company targets to sell 65-67 million tonnes in 2024.

Bayan also performed well in 2024, producing 40 million tonnes of coal as of September. The company expected full-year production to be 55-57 million tonnes, an increase from 48 million tonnes in 2023. For three consecutive quarters, Bayan achieved production of 14 million tonnes, 11.6 million tonnes and 14.4 million tonnes respectively.

GEMS produced 38.4 million tonnes of coal during the same period, in line with the company's expectations. It aimed to increase coal production to 50 million tonnes in 2024 from 40 million tonnes in 2023.

PTBA recorded 32.97 million tonnes of coal production in the first nine months, and planned to achieve 41.3 million tonnes of production by the end of the year. PTBA produced 41.9 million tonnes of coal in 2023, up from 37.1 million tonnes in 2022.