{
    "success": true,
    "data": {
        "id": 1956509,
        "msgid": "coal-prices-soar-which-mining-stocks-benefit-the-most-1788400549",
        "date": "2026-09-03 08:25:35",
        "title": "Coal Prices Soar: Which Mining Stocks Benefit the Most?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Mining",
        "summary": "A surge in global coal prices has driven significant gains across most Indonesian coal mining stocks over the past month. Leading the surge is Karya Pacific Energy (IATA), followed by major producers such as Bumi Resources (BUMI) and Bukit Asam (PTBA).",
        "content": "<p>The majority of coal mining stocks have recorded gains over the past\nmonth leading up to trading on Wednesday (2\/9\/2026). This movement\noccurs amidst rising global coal prices, even though some stocks\nexperienced corrections during today\u2019s trading session.<\/p>\n<p>This analysis covers 14 companies that operate coal mines, either\ndirectly or through subsidiaries, with revenues dominated by the coal\nbusiness. The group includes thermal coal producers as well as Alamtri\nMinerals Indonesia (ADlar), which produces metallurgical coal.<\/p>\n<p>Out of the 14 companies surveyed, 13 stocks are positioned above\ntheir late July closing prices, while one stock has weakened. Karya\nPacific Energy (IATA) leads the gains, followed by Bumi Resources (BUMI)\nand Bukit Asam (PTBA).<\/p>\n<p>Comparing closing prices from 31 July 2026 to the quotations\navailable on 2 September 2026: IATA recorded the largest increase of\n61.84%, rising from Rp76 to Rp123. The company, formerly known as MNC\nEnergy Investments, holds the top position in the surveyed group.<\/p>\n<p>Among the large-scale producers, BUMI strengthened by 24.85%, while\nPTBA rose by 17.24%. MBAP and AADI followed with increases of 15.85% and\n15.45%, respectively. Gains also reached BYAN and GEMS, which rose by\n13.93% and 10.04% respectively, while BSSR, ARII, SMMT, ITMG, and KKGI\nrecorded single-digit increases.<\/p>\n<p>Coal prices continue to climb amid rising oil prices and supply\nissues. In trading on Wednesday (2\/9\/2026), coal prices closed at US$\n148.9 per troy ounce, an increase of 0.78%. This rise extends a positive\ntrend, with prices strengthening by 7.6% over six consecutive days.\nYesterday\u2019s closing price was the highest since 11 June 2026. The price\nstrength is supported by rising oil prices and global supply\nconcerns.<\/p>\n<p>For mining companies, the rise in commodity prices has the potential\nto improve selling prices and margins. However, the extent of the\nbenefit depends on coal quality, sales contracts, production volumes, as\nwell as mining and transportation costs.<\/p>\n<p>Rising coal prices present opportunities for performance improvements\nfor producers. These opportunities will be greater if higher selling\nprices are accompanied by maintained sales volumes and controlled\nproduction costs. Conversely, increases in overburden removal costs,\nfuel, or transportation costs could reduce the benefits of higher\nselling prices. Realised selling prices, sales volumes, and production\ncosts in the second half of the year will be key factors to monitor to\nassess how much the commodity strength can be translated into additional\ncorporate profits.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/coal-prices-soar-which-mining-stocks-benefit-the-most-1788400549",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}