Mining companies in China and Indonesia report strong H1 2026 profits

Major mining companies in China and Indonesia reported significant profit growth during the first half of 2026, driven largely by rising commodity prices.

In China, the coal sector saw substantial gains, with China Shenhua leading the market with a net profit of approximately Rp75.53 trillion, a 4.1% year-on-year increase. This figure is roughly nine times the profit recorded by Indonesia's PT Adaro Andalan Indonesia Tbk (AADI), which earned Rp8.37 trillion in the same period. The top five Chinese coal producers combined for a production volume of 877 million tons, significantly outpacing AADI. The surge in profits was supported by an increase in average coal prices to US$129.23 per ton, up from US$107.12 in the first half of 2025.

In Indonesia, mining entities under the state-owned holding company MIND ID also saw strong performance. The combined revenue for PT Aneka Tambang Tbk (ANTM), PT Bukit Asam Tbk (PTBA), PT Timah Tbk (TINS), and PT Vale Indonesia Tbk (INCO) reached approximately Rp104.77 trillion, a 14.84% increase year-on-year. Their aggregate net profit surged by 116.67% to Rp13.60 trillion, reflecting improved operational efficiency and higher selling prices for key commodities.