Between 1923 and 1940, Air Laya Mine was started in underground mining method. During this period, the Company started production for commercial purpose in 1938.
After the Dutch Colonial has ended in Indonesia, the Indonesian employees demanded a status change into a national mine. In 1950, the Government of Indonesia officiated the foundation of Perusahaan Negara Tambang Arang Bukit Asam (PN TABA).
On March 1, 1981, PN TABA changed its status into Limited Company under the name of PT Bukit Asam (Persero), which is later called PTBA or the Company. In order to the national coal industry development, in 1990 the Government merged Perum Tambang Batubara and the Company into a single entity.
According to the national energy resilience development program, in 1993 the Government assigned the Company to develop coal briquette business. On December 23, 2002, the Company listed itself as a public company on Indonesia Stock Exchange with “PTBA” as its ticker symbol.
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.
Able to look far ahead and make long-term business growth projection.
Being trustworthy, transparent, positive, honest, committed and responsible.
Working earnestly towards product novelty and service improvement.
Competent team performance with creativity, courage, and commitment towards continuos expertise advancement.
Doing business with concern for maximum advantage and environmental conservation.
PT Batubara Bukit Kendi was formed in 1996 with 75% ownership engaged in coal mining. Since 2010 was not operated due to IPPKH license issue.
PT Bukit Pembangkit Innovative was formed in 2005 with 59,75% ownership engaged in PLTU 2x110 MW in Banjarsari, South Sumatera.
PT Bukit Asam Prima was formed in 2017 with 99,99% ownership engaged in coal trading which has operated since 2007.
PT International Prima Coal was acquired by PTBA in 2008 with 51% ownership, engaged in coal mining on Samarinda – East Kalimantan. It has commenced commercial operation since 2010.
PT Bukit Asam Banko was formed in 2008 with 65% ownership engaged in coal mining, currently not yet in operation.
PT Bukit Asam Transpacific Railways was established in 2008 with 10% ownership engaged in coal railway transportation from Tanjung Enim to Lampung, currently under development.
PT Huadian Bukit Asam Power was established in 2011 with 45% ownership engaged in steam power plant and currently under development.
PT Bukit Asam Methana Enim was formed in 2007 with 99,99% ownership engaged in methane gas field, currently under development.
PT Bukit Asam Methana Ombilin was formed in 2007 with 99,99% ownership engaged in methane gas field. It is currently not being operated.
PT Bukit Asam Methana Peranap was established in 2007 with 99,99% ownership engaged in methane gas field. It is currently not being operated.
PT Bukit Multi Investama was formed on September 9, 2014 engaged in general trading, service, printing, development, industry, land transportation, plantation & agriculture, and property management.
Jl. Parigi No.1
Tanjung Enim 31716