Jakarta - PT TBS Energi Utama Tbk (TOBA) targets coal production volume at 3–3.5 million tons in 2023.

"For exports, sales abroad are still the same as the previous target markets, China, India, and Hong Kong, where in 2022 70% of sales will be realized in these three countries," said TOBA Director Nafi Achmad Sentausa, as quoted in public expose material on Tuesday (12/6).

According to Nafi, the company's marketing target for coal sales is flexible while still looking at the opportunities in the market.

In addition to prioritizing sales to the three countries, the company also sells to the Philippines and Thailand, considering that the market for coal sales is quite broad.

As for the risk of an economic recession, he expects the figures to remain relatively stable in demand in major trading countries such as China, India, and Hong Kong.

"For estimates of coal prices next year, there is likely to be a decline