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PT United Tractors Tbk (also known as UT or UT Company) is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy.
Energi Mega Persada (“ENRG”) a company focused on developing and exploring the upstream oil and gas in Indonesia was founded. [6] Bakrie Group also acquired 80% of the coal mining company PT. Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc, and PT Kaltim Prima Coal from (British Petroleum (BP) and Rio Tinto, in 2003.
PT Bumi Resources Tbk is one of the largest mining companies in Indonesia and is structured as a holding company. [3] In the 2012 Forbes Global 2000 , Bumi Resources was ranked as the 1898th-largest public company in the world. [ 4 ]
PT Berau Coal Energy also issued US$500 million worth of 7.25% guaranteed senior notes in 2017. Both the 2015 and 2017 notes are currently in default. Since July 2015, the Berau Group has brought 4 separate rounds of scheme of arrangement / moratorium proceedings, with terms which have been described as “frankly insulting” at a time when ...
In 1977, an offshore fertilizer project was started on two ships owned by Pertamina, the largest Indonesian oil producer, which later became the beginning of the establishment of PT Pupuk Kalimantan Timur. The success of the project finally began the establishment of a factory covering an area of 493 ha (hectares) which was once a very dense ...
PT Persada Era Agro Kencana is a palm oil company from Indonesia.It has set fires that spread into PT RMU Ecosystem Restoration Area. [1] According to Rainforest Rescue, the government of Indonesia permits PT PEAK, a palm oil company, to destroy a peat dome currently under restoration.
Additionally, the group has invested US$930 million to build an alumina refinery in West Kalimantan, which processes bauxite ore into alumina. This refinery produces 1 million tons of alumina per year and is currently in full operation. [10] [11] [12] Glencore International is a shareholder in Harita's Bauxite Division in PT Cita Mineral ...
It was established in 1996 by the Harita Group with its first acquisition of land in Central Kalimantan. Bumitama owns roughly 230,000 hectares and has planted 187,000 hectares of oil palm trees, primarily in Central and West Kalimantan. Bumitama owns 14 CPO mills (13 in Kalimantan and 1 in Riau), which produce more than 1,000,000 tons of CPO a ...