PT Adaro Energy Tbk
PT Adaro Energy Tbk is an Indonesian energy group that focuses on integrated coal mining through subsidiaries. The organization’s principal location is at Tabalong district in South Kalimantan, where their subsidiary PT Adaro Indonesia operates the largest single-site coal mine in the southern hemisphere. They operate under a first-generation CCA (coal co-operation agreement) with the Indonesian Government valid until 2022.
From their South Kalimantan mine’s three pits They produce one of the world’s cleanest coals, trademarked Envirocoal. It is a sub-bituminous, moderate calorific value coal producing ultra-low sulphur, ash and NOx emissions.
Their coal is primarily sold to power generation providers, and the sell an average of about 25% of the coal to customers domestically in Indonesia and 75% to overseas customers, predominantly in Asia.
Over the past five years they have acquired stakes in five more coal properties in Sumatra and Kalimantan that are currently under development for mining and will produce coal of similarly less-polluting quality as Envirocoal.
Adding these new concessions to the core mine at Tabalong, they, as a contractor to the Indonesian government, control or have options on 12.8 billion tonnes of thermal coal resources as measured by JORC-compliant studies. Of these resources, 1.1 billion tonnes of coal are JORC-compliant proven reserves.
Adaro Energy was established as limited liability company PT Padang Karunia in 2004. In April 2008 its name was changed to PT Adaro Energy Tbk in preparation for becoming a public company with a successful IPO in July that year.
They are a vertically integrated group; in addition to their core mining subsidiary PT Adaro Indonesia, they own subsidiaries along the length of the coal supply chain from pit to port to power, including in mining, barging, shiploading, dredging, port services, marketing and power generation.
Their subsidiaries combine with a range of contractors to produce and deliver the coal with industry-leading efficiency and low cost.See more