Jakarta. PT Petrindo Jaya Kreasi Tbk recently revealed that the company had prepared two strategies to deal with the volatile mining commodity prices.

Kartika Hendrawan, the chief financial officer of PT Petrindo Jaya Kreasi Tbk, said that the company today had a new positioning as it began to de-specify its businesses outside thermal coal.

"For example, we bought a company at the beginning of this year, namely PT Mutu, which has a thermal coal concession that has sufficient CV and coking coal becomes a metalogic coo," Kartika Hendrawan said at the 2024 BNI Investor Daily Summit in Jakarta on Tuesday.

Integration is also another strategy that PT Petrindo Jaya Kreasi Tbk has adopted by becoming a mining company that is well-integrated from the upstream to the downstream sectors.

"So in this case, we have acquired a company called PT Petrosea Tbk as a mining contractor. So Petrindo will not only be a mining owner but also a mining contractor that also has infrastructure for existing mines," he said.

Therefore, these two strategies are expected to be quite appropriate strategies to overcome volatility.

Kartika Hendrawan was one of the speakers at the 2024 BNI Investor Daily Summit. He joined the session titled "The Future of Mining: Driving Efficiency and Sustainability through Technology".