The COVID-19 pandemic and the Russo-Ukrainian war have increased the price of commodities. Producers of coal and other minerals, such as nickel, are enjoying huge profits. The company owned by Garibaldi Thohir (Boy Thohir), for example, recorded revenue of US$3.99 billion and a net profit of US$933.49 million in 2021. Compared to 2020, Adaro’s net profit increased by 535% or more than five times. This 2021 performance is also the best in the last five years. In 2020, Adaro recorded a revenue of US$2.54 billion and a net profit of US$147 million.To subscribe please click here