Home

Career

Coal Commodity, Always...
Fri, 02/10/2023

Coal Commodity, Always the Primdona of Indonesia, Jakarta

In 2022 it can be said to be a golden year for the Coal commodity which managed to reap profits when commodity prices soared. As the world's largest coal exporter, Indonesia was able to record a trade balance surplus for 31 consecutive months until November 2022. The Reference Coal Price (HBA) in January 2023 was at the level of USD 305.21 per ton. This figure increased by 8.43% or USD 23.73 per ton from December 2022 to USD 281.48 per ton.

 

In the mining process, the availability of equipment, especially heavy equipment, will determine the continuity of production which has an impact on productivity and efficiency. As a finance company, one of which is heavy equipment financing, MNC Guna Usaha Indonesia supports the activities of the mining, construction, manufacturing, plantation, and agricultural industries.

 

Miron Durait Panjaitan, Director of MNC Guna Usaha Indonesia said that the price of the coal commodity is closely related to the heavy equipment rental industry, such as that provided by MNC Guna Usaha Indonesia. With heavy equipment financing provided by MNC Guna Usaha Indonesia, it can assist in Indonesia's development.

 

The progress of heavy equipment financing is closely related to commodity prices and an increase in infrastructure projects, especially in mining. Heavy equipment financing can be the best solution to reduce costs and save capital and increase flexibility

Minister of Energy and Mineral Resources Arifin Tasrif said the coal target for domestic needs in 2023 is indeed lower than the realization in 2022 due to considering a number of government steps to reduce emissions. "Why did it go down from 193 million tons to 177 million tons? Of course, there are efficiency programs that we have to do to reduce emissions and also the efficiency of coal-consuming plants," he said at the 2022 ESDM Sector Performance Achievement Press Conference and Work Program for 2023 at the Office of the Ministry of Energy and Mineral Resources, Jakarta, Monday.

 

The Government's target for the coal community this year is 695 million tons with the division 177 tons being the amount of coal that will be used for domestic needs, and 518 million tons being the amount of coal that will be exported.

 

Not only that but price declines were also experienced by other commodities, in which world crude oil prices fell 2% ahead of the announcement of interest rates by the United States (US) Federal Reserve or The Fed. In addition, Russia's oil exports, which remained strong amidst sanctions, also weighed down on oil prices.

 

However, the demand for coal in 2023 is expected to continue to move positively due to economic growth in countries that are highly dependent on coal such as India and China.

 

The coal mining industry has always been the prima donna of Indonesia with its enormous role, especially in supporting Indonesia's development, supporting regional economic development, and contributing to state revenues through exports. Likewise, MNC Guna Usaha Indonesia as a heavy equipment financing company will continue to support Indonesia's economic growth, especially in the mining industry through heavy equipment financing which is one of the innovative and productive products. MNC Guna Usaha Indonesia continues to develop its business and increase competitiveness through the development of digital products and processes.

 

Currently, MNC Guna Usaha Indonesia has 3 main businesses namely MNC Leasing, MNC Guna Usaha, and MNC Guna Usaha Syariah. MNC Guna Usaha Indonesia has succeeded in developing innovative and productive products through its 11 offices spread across 10 major cities in Indonesia.

Other News

Thu, 09/10/2015
MNC Leasing Targets to Open Six Branches This Year
MNC Tower, Jakarta

Although the economy tends to go sluggish, MNC Leasing continuously plans its ex...

read more
Thu, 09/10/2015
Strengthening Its Business, MNC Leasing Cooperates wit...
MNC Tower, Jakarta

MNC Leasing signed a joint financing and rental generator agreement with Kohleri...

read more
Wed, 09/09/2015
The beauty of Togetherness and Mutual Sharing in the H...
Jakarta

MNC Leasing holds a caring for others event through a Corporative Social Respons...

read more