Press Release

On its 34 years of business, PT Bukit Asam Tbk (PTBA) has its own history record. On business transformation, PTBA currently is more like a world class company in the energy sector rather than a state-owned company in the mining sector. Currently, PTBA is a holding company and has diversified its business into several other business sectors. Based on its 2014 annual report, PTBA had 11 subsidiaries and 7 affiliated companies.

Through its subsidiary PT Bukit Multi Investama (BMI), PTBA formed and performed acquisition of PT Bumi Sawindo Permai (BSP) which is engaged in palm oil sector. BMI was established in 2014 September with core business in General Trading and Services. BMI has established PT Bukit Asam Medical (BAM) managing PTBA hospitals and polyclinics as well as the acquisition of PT Satria Bahana Support (SBS) in mining business.

Meanwhile, PT Bukit Asam Prima (BAP), another PTBA subsidiary established in 2007 and in Coal Trading busineses, already had 3 new subsidiaries. Anthrakas Pte Ltd, a Singapore based subsidiary and engages in coal trading, especially to foreign countries. Meanwhile, two other companies, namely PT Pelabuhan Bukit Prima and PT Bukit Prima Bahari, both are in transportation and port service on harbor and jetty in PTBA water territorial.

Of its 19.07 million tonnes in 2014, 15.88 million tonnes production was from Tanjung Enim Mining Unit. PT International Prima Coal (IPC), a PTBA subsidiary established in 2008 and in coal mining business, contributed its share to produce 900 thousand tonnes coal. While 2.43 million tonnes was purchased through BAP.

In overall, PTBA subsidiary managed to support PTBA to achieve 15.5 net profit margin, 30.8% gross profit and 17.7% operating profit margin. Thus put PTBA as the top company in national coal industry. PTBA’s 2014 close stock price (31/12) rose to 12,500 rupiah. It was 22.5% increased compared to 2013 open price (1/1) at the price of 10,500 rupiah.