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Bukit-Asam

Business 5 years ago

Bukit Asam looks to develop solar panels, downstream industries

The company has already built and operated 720 solar panel systems for Soekarno-Hatta International Airport’s operation control center in partnership with state-owned airport operator PT Angkasa Pura (AP) II.

Business 5 years ago

Indonesia to mix coal-based DME, LPG as cooking gas to reduce imports

The government is looking to mix coal-based dimethyl ether (DME) and liquefied petroleum gas (LPG) as cooking gas in an effort to reduce Indonesia’s dependence on imported LPG.

Business 5 years ago

Bukit Asam to cut capex amid falling demand from PLN, India

The miner initially budgeted Rp 4 trillion (US$264.9 million) of capex for 2020, mostly to develop a giant coal-fired power plant in South Sumatra.

Business 5 years ago

Coal miner Bukit Asam to disburse ‘biggest payout ratio' in company history

The dividends amounted to 90 percent of company profits booked in 2019.

Business 5 years ago

Coal miner Bukit Asam eyes Tuhup mine amid corruption scandal

Coal mining heavyweight PT Bukit Asam (PTBA) has expressed a desire to acquire a lucrative coal mine in Tuhup, Central Kalimantan, to increase and diversify its coal reserves, amid an alleged bribery case implicating the mine’s former owner.

Business 6 years ago

Coal giants Bukit Asam, Adaro book profit falls on weak commodity prices

Bukit Asam’s profit slumped 19.1 percent year-on-year (yoy) to Rp 4.06 trillion (US$286.78 million) in 2019 while Adaro’s profit slumped 3.2 percent yoy to $404.19 million in the same year.

Business 6 years ago

Coal miner Bukit Asam to invest Rp 4t this year, mostly on infrastructure

Almost Rp 800 million in capital expenditure will be used to develop a 1,240-megawatt coal-fired mine-mouth power plant in South Sumatra – the largest such plant in Indonesia.

Business 6 years ago

PREMIUM
MIND ID records debt increase in Q3 2019, but looks toward 2023 dividends of $1 billion

The Indonesian mining holding company has also invested in four projects for developing processing facilities and power plants this year.

Business 6 years ago

State miner Bukit Asam profit falls 22% as coal prices drop

Publicly-listed state coal miner Bukit Asam booked a net profit of Rp 3.1 trillion (US$220.3 million) in the January-September period of this year, a 21.8 percent decrease from the same period last year, although there was a sales increase due to a decline in coal prices and rising costs.