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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. [7]
PT Kaltim Prima Coal (KPC): operates approximately 90,000 hectares of coal mining concessions in East Kalimantan province. PT Arutmin Indonesia: operates approximately 70,000 hectares of coal mining concessions in South Kalimantan. PT Fajar Bumi Sakti: manages a total concession area of 8,250.5 hectares in East Kalimantan.
In 2001, Asia Pulp & Paper (APP), the subsidiary of Sinar Mas, called a standstill on $14 billion worth of bonds and loans and stopped repaying its debt, including interest payments, in what is still the largest default to foreign investors in Asian market history. [5]
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 ...
In 1979 the construction of the Kaltim-1 plant began and the commercial operation period was first started in 1987. The Kaltim-2 plant was built in early 1982 and completed 3 months ahead of the stipulated schedule and succeeded in achieving commercial operations faster than East Kalimantan. -1, namely in 1984.
Kalimantan (Indonesian pronunciation: [kaliˈmantan]) is the Indonesian portion of the island of Borneo. [2] It constitutes 73% of the island's area, and consists of the provinces of Central Kalimantan, East Kalimantan, North Kalimantan, South Kalimantan, and West Kalimantan. The non-Indonesian parts of Borneo are Brunei and East Malaysia.
The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family holds majority ownership. Its assets include Indofood Sukses Makmur, [a] the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. [1]