Our History

Our History

 

PT Adaro Minerals Indonesia Tbk (“AMI”) was established as PT Jasapower Indonesia in 2007. It is a subsidiary of PT Alamtri Resources Indonesia Tbk ("AlamTri", previously PT Adaro Energy Indonesia Tbk), a well-known Indonesian mining and energy group with extensive end-to-end supply chain.

AMI is intended to be the center of AlamTri Group’s non-coal mineral assets and mineral processing businesses, and metallurgical coal businesses. Through its subsidiaries, AMI holds five Coal Contract of Work (CCoW) concession areas with large metallurgical coal resources and reserves in East Kalimantan and Central Kalimantan. Its metallurgical coal product is branded as "Enviromet", which has been warmly welcomed and known by most steel producers in the global market.

Through its subsidiary PT Kalimantan Aluminium Industry (KAI), AMI has started construction of an aluminum smelter in the world's largest green industrial area located in North Kalimantan. At its initial stage, this project is expected to produce aluminum ingot of around 500,000 tons of aluminum ingots per year, with plans to expand to 1.5 million tons per year at full capacity. The mineral processing segment is part of AMI’s initiative to both contribute to and capture the opportunities from Indonesia’s green economy being massively developed by the government.

 

AMI and its subsidiaries’ history and timeline are as follows:

Year
Timeline

2007

The Company was established under the name PT Jasapower Indonesia.

2010

AlamTri acquired 25% ownership in PT Lahai Coal ("LC), PT Maruwai Coal ("MC"), PT Sumber Barito Coal ("SBC"), PT Kalteng Coal ("KC"), and PT Juloi Coal ("JC").

2015

Through LC, commenced produced high quality semi soft coking coal (SSCC) from the Haju mine, with the first production of 0.1 tons.

2016

AlamTri acquired the reminaining stake in LC, MC, SBC, KC, and JC. As a result AlamTri held 99% share ownership in those subsidiaries.

2019

Through MC, commenced production of Hard Coking Coal (HCC) known as Lampunut Hard Coking Coal and Lampunut Green Coal.

2020

MC made the first shipment of Lampunut HCC in May 2020.

2021
  • PT Jasapower Indonesia changed its name to PT Adaro Minerals Indonesia Tbk.
  • Through its subsidiary PT Alam Tri Daya Indonesia, the Company completed the acquisition of 99% share ownership in LC, MC, SBC, KC, and JC from AlamTri.

2022
  • PT Adaro Minerals Indonesia Tbk is officially listed on the Indonesia Stock Exchange on January 3, 2022.
  • AMI's holding, AlamTri streamlined its businesses into three pillars of growth: Adaro Energy, Adaro Minerals, and Adaro Green. Therefore, AMI leads the Adaro Minerals pillar by managing and coordinating all mineral related businesses within the Adaro Group.
  • The Company established PT Adaro Baterai Indonesia which subsequently acquired PT Adaro Indo Aluminium.
2023
  • AMI subscribed new shares issuance of PT Alam Tri Cakra Indonesia ("ATCI"), resulting in a 90.84% share ownership in ATCI.
  • In the second quarter of 2023, KAI secured funding for its aluminum smelter, which will initially have a production capacity of approximately 500,000 tons of aluminum ingots per year, with plans to expand to 1.5 million tons per year at full capacity.