Sustainability Report 2023 08 VISION To become one of Indonesia’s top ten coal producers. We are committed to sustainable growth and enhancing shareholder value through prudent capital allocation and long-term planning. MISSION We are committed to running our business with corporate social responsibility concepts firmly embedded within our daily operations to protect our people, the environment and the local communities in which we operate. CORE VALUES Accountable We take responsibilities for our actions, performance and products when conducting our business. Competence We employ the best people, engage the top mining contractors and work with recognised international traders. Teamwork We cooperate, communicate and support each other in achieving our vision and mission. Responsive We strive to achieve the best possible outcome in everything we do, for the benefit of our people, business partners and communities. The estimated monetary value of payments made to these suppliers, for both Indonesia and Singapore offices, was USD371.9 million as of 31 December 2023. Geography Nature of services Description of services Indonesia Mining Contractor Responsible for the provision of mining activities in the SDJ, TBR and TRA mines Landowner Owner of the plantation area and granted permission to SDJ and TBR to conduct mining activities within the plantation area Consultancy service A management company providing management and consultancy services in the mining and plantation sector, negotiated the settlement and use of certain overlapping land, mining and plantation rights Infrastructure Provision of the integrated coal mining support and infrastructure services from mine to anchorage for the export of coal for SDJ, TBR and TRA Singapore JORC consultant Provide technical report/Independent Qualified Persons Report for the Group’s SDJ, TBR, BEK, STT and TRA coal concessions located in East and South Kalimantan and South Sumatra, Indonesia in compliance with Joint Ore Reserve Committee (JORC) code Auditors, Legal Counsels, Risk and Sustainability consultants Where required, the Group solicits auditors, legal counsels, risk and sustainability consultants to carry out specific services and needs Our core markets remain as Indonesia and China, while we have scaled up our presence in other markets, such as South Korea, Philippines, Vietnam and India. The Group’s total coal sales volume in 2023 was 8.4 million tonnes, which was a 17.6% decrease from 2022 (10.2 million tonnes). Revenue for 2023 was USD489.0 million, of which coal sales in Indonesia and China comprise of 24% and 69% respectively of the total revenue. Our supply chain mainly comprised of suppliers from Indonesia and Singapore, providing the following services as stated below:
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