Indo Tambangraya (ITMG) Aims for Coal Exports to Europe in 2023

Bisnis.comJAKARTA – Listed coal producers PT Indo Tambangraya Megah Tbk. (ITMG) is targeting the coal export market to Europe in 2023.

ITMG Director of Corporate Communications and Investor Relations Yulius Gozali said that this year ITMG would still focus on targeting export in established markets such as China and Japan. ITMG also continues to look for opportunities in countries with growing economies such as Bangladesh, Vietnam and other countries.

“In addition, various European countries will also become potential markets in 2023, because they use coal as an energy option. This is because of conflict Russia-Ukraine which is still ongoing,” Yulius told Bisnis, Monday (27/2/2023).

For information, throughout 2022 ITMG was recorded to have exported US$958.7 million to several countries in Asia such as Taiwan, China, Hong Kong and Korea. Exports to this region increased by 45.83 percent compared to US$657.4 million in 2021.

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