Based on a 2018 JORC report, the Company has total coal reserves and coal resources estimated respectively at 63.9 million tons and 236 million tons. The close proximity of the mining concessions has become our strength and advantage that enables integration and consolidation of logistics and infrastructure across our subsidiaries. Another subsidiary, PT Adimitra Baratama Niaga (Adimitra Niaga), manages our coal trading business and activities with international traders and end users in the Asian region as our main customer base. TBS has coal products of varying quality that enable us to continually adapt to market conditions fluctuations and adjust the marketing strategy for the right product type to obtain the optimum sales price.
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