PT AlamTri Resources Tbk (formerly known as Adaro Energy) is an Indonesian coal mining company, the country's second-largest by production volume (see:
Coal companies of Indonesia). In the 2023
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003.
By country
Forbes Global 2000 as of 2023:
...
, Alamtri was ranked as the 1393th-largest public company in the world. The company is an Indonesian
energy group that focuses on
coal mining
Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...
through subsidiaries. The principal mining location is at
Tabalong district in
South Kalimantan
South Kalimantan () is a Provinces of Indonesia, province of Indonesia. It is the second most populous province on the island of Kalimantan, the Indonesian territory of the island of Borneo after West Kalimantan. The provincial capital was Banjar ...
, where Alamtri operates the largest single-site coal mine in the southern hemisphere (roughly 110,000 tons of coal per day, or 40 million tons a year).
AlamTri operates under a first-generation CCA (coal co-operation agreement) with the Indonesian Government valid until 2022.
In 2016, Alamtri (then doing business as Adaro) was clearing land in
Central Java
Central Java (, ) is a Provinces of Indonesia, province of Indonesia, located in the middle of the island of Java. Its administrative capital is Semarang. It is bordered by West Java in the west, the Indian Ocean and the Special Region of Yogya ...
for a 2,000MW
coal plant, after a delay for more than four years due to land acquisition issues.
The construction of Indonesia's largest coal plant, into which Adaro invested $4.2 billion, began in June 2016.
Adaro's strategy focuses on power generation as one of its "three pillars", besides coal exports and logistics.
History
In 1976 the Indonesian Mines Department divided East and South Kalimantan into eight coal blocks and invited tenders for these blocks. Spanish
state-owned enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...
Enadimsa (''empresa nacional adaro investigaciones mineras s.a.'') bid for Block 8 in the
Tanjung district of South Kalimantan. Adaro Indonesia’s Coal Cooperation Agreement (CCA) was signed on Nov. 2, 1982. In 1989 a consortium of Australian and Indonesian companies purchased 80% of Adaro Indonesia from Enadimsa.
In 2008, Adaro Energy raised $1.3 billion in the country's largest ever initial public offering.
References
External links
*http://www.adaro.com/
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Coal companies of Indonesia
Indonesian companies established in 1982
Companies listed on the Indonesia Stock Exchange
2008 initial public offerings
Companies in the LQ45
Companies in the IDX 30
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