As Adaro Energy Indonesia completed a business spin-off at the end of 2024, this company page is no longer active.
You may follow the updated company pages:
- PT Alamtri Resources Indonesia Tbk: https://www.linkedin.com/company/alamtriresourcesindonesia/
- PT Adaro Andalan Indonesia Tbk: https://www.linkedin.com/company/pt-adaro-andalan-indonesia-tbk
Thank you
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Adaro Energy Indonesia is a fully integrated coal mining and energy company from exploration through to power. It is Indonesia’s second-largest thermal coal producer, operates the largest single coal mine in Indonesia and is a significant supplier to the global seaborne thermal coal market with production volume of 47.2 million tonnes in 2012. The coal characteristics are sub-bituminous, medium heat value and ultra-low pollutant coal, with total resources of up to 12.3 billion tonnes and total reserves of 1.1 billion tonnes (JORC Compliant 2012). Because of its environmental characteristics, Adaro Indonesia’s coal is trademarked as “Envirocoal” and has proven global acceptance among blue-chip power utilities.
Our vision is to be leading the Indonesian mining & energy group. Our missions are to satisfy our customer's needs, develop our people, partner with suppliers, support community and national development, maximize shareholder value.
At Adaro we have long known that the task of attracting, developing and retaining highly skilled people is central to achieving our objective of creating maximum sustainable value from Indonesian coal.
PT Bukit Asam Tbk. (PTBA) is a state-owned company that aims to develop the national mining industry, particularly coal mining. Founded in 1981, the company is one of the five largest coal producers in Indonesia with its domestic sales rank second. Almost a quarter (22%) of its production is exported to the international markets, including Japan, Taiwan, Malaysia, Pakistan, Spain, France and Germany.
With mineable reserves of approximately 7.3 billion tons or 17% of the total coal reserves in Indonesia, PTBA strives to become a competitive energy company. This vision has been manifested by the establishment of PT Bukit Pembangkit Innovatif, a sister company of PTBA, to operate mine mouth steam power plant in Banjarsari with 2x100 MW capacity.
As of December 23, 2002 PTBA became a public company by listing on the Jakarta and Surabaya stock exchanges. The public holds 34.98% of the shares and the state owns the remaining 65.02%.
On November 29, 2017 became a historical record for PTBA when organizing an Extraordinary General Meeting of Shareholders. The main agenda of PTBA includes three points. Approval of the change of company’s articles of association related change of the company’s status from “persero” to “non-persero” related with government regulation 47/2017 concern the increase of Indonesia Republic’s equity participation into PT Inalum (Persero), stock split nominal of share, and change the company’s board of directors.
With the change of ownership of the Republic Indonesia to PT Inalum (persero), those three companies are officialy become the holding member of Mining State – Owned Enterprise (BUMN), with inalum as its head.
PTBA has completed the stock split during the initial trading at Indonesia Stock Exchange, on December 14, 2017. The 1:5 stock split ratio was according to the decision of the Extraordinary General Meeting of Shareholders conducted on November 29, 2017. This corporate action was taken to increase the share trading liquidity on IDX and to expand the distribution of share ownership by reaching various layer of investors. The strong commitment from Bukit Asam to improve the performance is a fundamental factor of the corporate action.