PT Adaro Minerals Indonesia Tbk (IDX: ADMR) is a subsidiary of PT Adaro Energy Indonesia Tbk that focuses on metallurgical coal mining and mineral processing businesses. It currently operates as the first and only hard coking coal (HCC) producer in Indonesia and is building an aluminum smelter in a green industrial park in North Kalimantan.
Through its subsidiaries, the Company has five Coal Contract of Work (CCoW) concession areas with large metallurgical coal resources and reserves in East Kalimantan and Central Kalimantan province. It started with Lampunut’s hard coking coal, a premium quality product of its subsidiary PT Maruwai Coal, which has been warmly welcomed and known by most steel producers in the global market. Strategic plans are being developed for the company’s remaining metallurgical coal concessions to place Adaro Minerals Indonesia as one of the largest coking coal producers in the world.
The Company is also set to commence mineral processing operations as part of Adaro’s transformation into green business. In 2022, its subsidiary PT Kalimantan Aluminium Industry started the pre-construction phase for an aluminum smelter in the world’s largest green industrial park located in North Kalimantan. At the initial stage, this project is expected to produce aluminum ingot of around 500,000 tons/year, which will be increased to 1.5 million tons/year at the full scale. The mineral processing is part of the company’s initiative to both contribute to and capture the opportunities from Indonesia’s green economy being massively developed by the government.
The Company and its Subsidiaries’ history and timeline are as follows:
|
Year |
Timeline |
|
2007 |
The Company was established under the name PT Jasapower Indonesia |
|
2010 |
PT Adaro Energy Indonesia Tbk acquired 25% ownership in PT Lahai Coal, PT Maruwai Coal, PT Sumber Barito Coal, PT Kalteng Coal, and PT Juloi Coal. |
|
2015 |
Started production of high quality Semi Soft Coking Coal (SSCC) under the Haju brand through PT Lahai Coal |
|
2016 |
PT Adaro Energy Indonesia Tbk acquired the reminaining stake in PT Lahai Coal, PT Maruwai Coal, PT Sumber Barito Coal, PT Kalteng Coal, and PT Juloi Coal to full ownership in those subsidiaries. |
|
2019 |
Started production of Hard Coking Coal (HCC) through MC with the brands Lampunut Hard Coking Coal and Lampunut Green Coal. |
|
2020 |
First shipment of Hard Coking Coal (HCC) in May 2020 |
|
2021 |
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2022 |
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