Dear Stakeholders, It has been my pleasure to see the Bayan Group grow from what was a collection of relatively small mines to today being one of the largest producers of coal in Indonesia. This has been achieved through the hard work and dedication of our management and employees and it has been very rewarding to work with this team. Our journey is not over yet, we have a vision to further grow the Bayan Group in coming years with an overall target of more than 60 million tonnes per annum.
The Tabang / Pakar project is and will continue to be the cornerstone of our Group for years to come. We aim to achieve the organic growth of Tabang / Pakar project by developing it sustainably. The project has significant reserves of sub-bituminous coal that is low ash and low sulphur, ensuring a long mine life which is supported by the concession permits. Bayan Group has invested in and continues to develop key infrastructures dedicated to its use to cater the production growth. Through evaluation and implementation of leading technologies and methodologies, Bayan group expects to maintain its position as one of leading-profit margin company in Indonesian coal industry. Our solid cash flow low leverage and leading infrastructure will allow us to consider opportunities that may not be possible for others in the sector.
We understand the impact associated with mining activities that leads to growing demand from our key stakeholders to operate in a sustainable manner. In this regard, we continuously strengthen our position to become a socially responsible coal producer that deliver meaningful and positive impact to the local communities surrounding our projects. The group is currently the largest contributor to community development in Kutai Kartanegara and with the growth of the Tabang / Pakar project we expect that this will continue going forward. We have brought considerable developments to areas that are very remote and have no other major development nearby. Some of significant infrastructure developments for our community are the construction of public road that stretches 85 km long we built aligned with our 101 KM coal hauling road. Another major project we do is the construction of 19 units of telecommunication towers across the 3 regions: Kutai Kertanegara, Kutai Timur, and Kutai Barat to improve connectivity in some rural areas that had zero connectivity in the past. We are proud to provide impactful contributions for an improved socio-economic welfare of local communities.
We also believe the importance of fostering a culture of inclusiveness which will become key driving force of future of business. A poverty alleviation program focusing on people with disabilities commenced in 2022. The program was initiated to provide assistive devices or tools, provide scholarships for students/ people with disabilities. Training facilities and some of vocational trainings have also been set up such as hydroponic, making batik and sewing to increase their wellbeing and nurture them to become financially independent communities.
In addition, Bayan Group has a commitment to be part of solutions to support the path towards sustainability. Some of the green practices that we do include solar cell development for the lighting at public streets or facilities, providing eco-friendly energy while playing significant role in transforming lives in rural areas.
Finally I’d like to acknowledge our contractors, suppliers, shareholders and other stakeholders. It takes a team effort to develop any mine and without the full support of all our stakeholders, none of this would have been possible.
Certainly, the future for the Bayan Group is very bright.