- Business
- PT Atlas Resources Tbk PT Atlas Resources Tbk is an Indonesia-based coal mining company that acquires, explores, develops, produces, and sells coal primarily in Indonesia with exports to markets including Japan, China, Korea, Thailand, Europe, India, and domestically. The company operates through multiple mining hubs coordinating coal exploration and production activities across concession areas totaling over 200,000 hectares, including Hub Mutara in South Sumatra for thermal coal, Hub Kukar in East Kalimantan for thermal, metallurgical, and high-calorie coal, Hub Berau in East Kalimantan for thermal coal, Hub Kubar in East Kalimantan for thermal and metallurgical coal, Hub Oku in South Sumatra for low-calorie steam coal, and Hub Papua; it produces high-calorie thermal coal and metallurgical coal for steel production, power generation, cement manufacturing, and other industrial uses, while also engaging in coal trading of various calorific values from low to high including metallurgical grades, coal transportation and logistics services such as road and port support, equipment rental, construction, machinery repair, workshop operations, printing, investment, industry, and agricultural/forestry activities. Founded in 2007 and headquartered at Sampoerna Strategic Square, South Tower, Level 18, Jl. Jend. Sudirman Kav. 45-46, Jakarta Selatan, Indonesia, the company conducts commercial operations from multiple sites in East Kalimantan and South Sumatra, serving power plants in Java and Sumatra among other customers, with key subsidiaries including PT Berau Bara Energi, PT Aquela Pratama Indonesia, PT Kalbara Energi Pratama, PT Citra Global Artha, PT Papua Inti Energi, PT Optima Persada Energi, PT Optima Coal, PT Atlas Daya Energi, and PT Sriwijaya Muba Logistik. In recent developments, PT Atlas Resources Tbk approves a private placement offering up to 319 million shares through Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu (PMTHMETD), representing 8.5% of placed and fully paid capital, to raise funds for infrastructure expansion and hub capacity enhancement as of October 2025; the company establishes a strategic collaboration with PT RMK Energy Tbk through subsidiaries PT Gorby Putra Utama and PT Royaltama Multi Komoditi Nusantara in March 2024 for coal trading involving 600,000 metric tons annually from South Sumatra concessions under a free-on-board barge and offtake mechanism utilizing Sriwijaya Bara Logistic facilities; additionally, it appoints Nugroho Widyotomo as Independent Commissioner and Vice President Commissioner during an Extraordinary General Meeting of Shareholders in October 2025 to bolster governance amid ongoing production growth targeting thermal coal output exceeding 6 million metric tonnes in 2024.