PT. Bukit Asam (Padang)

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  0sph0

  PT Tambang Batubara 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%. (http://www.ptba.co.id)

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