Milestone 

  • ABN and TMU were established in 2004.
  • IM was established in 2005
  • ABN and IM acquired exploration KP
  • ABN and IM acquired exploitation KP.
  • IM commenced production.
  • ABN commenced production.
  • TMU acquired exploration KP.
  • ABN changed the KP to IUP-OP
  • IM and TMU changed the KP to IUP-OP.
  • The company acquired 51.0% of ABN, 52.5% of TBE (which owns IM), and 51.0% of TMU.
  • The consolidated production of Toba Bara exceeded 3.9 million tons per year.
  • TMU commenced production.
  • The consolidated production of Toba Bara exceeded 5 million tons per year.
  • The company increased ownership in TBE and TMU, to 99.99% and 99.99%.
  • The company listed its shares on the Indonesian Stock Exchange (July).
  • Production of TMU increased to 80-100 thousand tons per month.
  • IM constructed new coal processing plant.
  • Operations of TMU - IM hauling road.
  • Operations of underpass at ABN.
  • The company took over KPU as a resolution of land overlap.
  •  Operations of overland conveyor
  •  The consolidated production of Toba Bara reached 8 million tons per year
  •  PKU commenced the process of the palm oil mill construction with a capacity of 30 tons fresh fruit bunch (FFB) per hour
  • Number of end-user customers increased to 36.8% from 3.6% in 2014.
  • Increasing diversification to the sales of target countries.
  • Continuing development of palm oil mill in PKU, reaching the 70.0% completion.
  • Use of the same contractor by the 3 mining subsidiaries.
  • Establishment of PT Gorontalo Listrik Perdana (GLP) for 2 x 50 MW coal-fired power project Sulbagut-1 and started diversification into electricity business.
  • Signing of PPA between GLP and PLN.
  • Initial sales of palm oil processed by PKS in PKU.
  • Establishment of PT Minahasa Cahaya Lestari (MCL) for coal-fired power plant project Sulut-3, 2 x 50 MW.
  • Signing of PPA with PLN for Sulut-3 project.
  • Signing of Special Transaction Loan Facility Agreement (non-revolving) and Non-Cash Loan with Bank Mandiri.
  • Signing of Engineering Procurement Contract (EPC) with Shanghai Electric Power Construction Co. Ltd. (SEPC) for Sulbagut-1 project.
  • Signing of Project Financing for Sulbagut-1 project with Bank Mandiri.
  •  Achievement of Financing Date with PLN for Sulbagut-1 project.
  • Akuisisi PT Batu Hitam Perkasa (BHP), perusahaan investasi yang memiliki 5% saham di PT Paiton Energy (PE).
  • Berdasarkan persetujuan Rapat Umum Pemegang Saham (RUPS) Luar Biasa tanggal 15 Mei 2019 atas rencana pemecahan nilai nominal saham (stockt split) dengan rasio 1:4
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