Coal Issuers Realign Business Direction, from INDY, PTRO, UNTR to BUMI

In the midst of the global energy transition trend and decarbonisation demands, Indonesian coal issuers are beginning to realign their business directions. Dependence on the commodity ‘black gold’ that has long supported performance is gradually being reduced, replaced by expansion into the metals sector and new renewable energy (EBT) that is more sustainable. In recent years, a series of coal issuers have started to decrease the portion of revenue from that commodity, while accelerating new green growth engines.