PT Bukit Asam Tbk

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. With mineable reserves of approximately 8,27 billion tons of the total coal reserves in Indonesia, PTBA strives to become a competitive energy company with a vision become a world-class energy company that cares about environment 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 companys articles of association related change of the companys status from persero to non-persero related with government regulati...