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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]
GRP Nominal is the regional or provincial counterpart of the national gross domestic product, the most comprehensive measure of national economic activity.The Statistics Indonesia (Badan Pusat Statistik) derives GRP for a province as the sum of the GRP Nominal originating in all the industries in the province at current prices market.
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.
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.
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 ...
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.
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]
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 ...