PT Resources Alam Indonesia Tbk (KKGI) targets coal production and sales volume this year to reach 3.6 million metric tons each.

Based on the 2020 annual report released Tuesday (22/6), the target set for this year is 10% lower than the previous year's target of 4 million MT each.

Meanwhile, coal production and sales volume realization last year was 2.864 million MT and 2.822 million MT, respectively.

At the beginning of this year, the price of Newcastle coal was at the level of US$ 81.4 per ton.

To face a good business prospect this year, the company is optimistic that it can gain a larger share of the export market.

In addition, with the ratification of the Omnibus Law whereby coal is subject to VAT, the selling price of PT Insani Baraperkasa has become more competitive for the domestic market.

In 2020, the export market still dominates the company's coal sales performance, where India is still the main export des