After a while coal exports to China stalled, finally PT Bukit Asam (Persero) Tbk. (PTBA) will re-sell this black gold in the third quarter or fourth quarter of this year.

"PTBA not sell coal to China since the price there is very low, but the possibility this year, quarter 3 or 4, we will sell a little coal to China," said management PTBA at the public exposure in the disclosure Indonesia Stock Exchange (IDX) , Jakarta, Tuesday (23/8), as quoted by the national news agency antaranews.com.

Explained, this time China is implementing the policy of reducing working time have an impact on China's coal production capacity fell by 600 million tons per year. Therefore, PTBA can sell coal at a good price.

Chinese production capacity could reach 2.5 billion tonnes per year by the rate of consumption of coal, 1.5 billion tons per year, while Indonesia's coal production is now predicted to only 300 million tons per year. Therefore, the excess is coupled with the demand for new countries that consume coal certainly still high enough to push coal prices rose.

Regarding the average price of coal PTBA, the price is still in a premium price. With coal owned by the company with 6,100 calories and when converted to Newcastle index, the PTBA still get the price above US $ 4 per ton.

At present, the coal reserves in Indonesia reached 31 billion tons. Of that number, PTBA has 10% or 3.1 billion tons. If production PTBA today 30 million tonnes per year, the company's coal availability could reach 100 years.

PTBA targeting  in 2024 to be 100 million tonnes per year and PTBA could become the largest coal producer in Indonesia.