Indonesian Political, Business & Finance News

Video: Industrial Diesel Prices Rise, Mining Contractor Boss Reveals the Impact

| Source: CNBC Translated from Indonesian | Mining
Video: Industrial Diesel Prices Rise, Mining Contractor Boss Reveals the Impact
Image: CNBC

Jakarta, CNBC Indonesia - PT Darma Henwa (DEWA), a mining contractor services issuer owned by the Bakrie Group, successfully recorded fantastic performance in 2025 with net profit surging 7,797% to Rp 4.31 trillion from Rp 55.23 billion the previous year in 2024. Director of PT Darma Henwa, Ricardo Silaen, mentioned two supporting factors for DEWA’s profit surge: operational growth and production efficiency through reduced use of subcontractors and the adoption of digitalisation. In 2026, DEWA is optimistic about continuing the growth trend while still anticipating the impact of Middle East geopolitical turmoil due to the Iran vs United States & Israel war. This has led to rising crude oil prices affecting industrial diesel fuel, causing an increase in operational costs. Additionally, fuel scarcity issues must be watched, although DEWA still has adequate stocks and work agreements where energy burdens are borne by mine owners. On the other hand, DEWA has begun using hybrid heavy equipment and mining vehicles before fully switching to electric vehicles.

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