- Business
- PT MNC Energy Investments Tbk (IATA.JK) is an investment holding company engaged in energy sector trading and investments, with operations spanning coal and nickel mining; aircraft charter, repair, and maintenance services for fixed-wing and rotary-wing aircraft serving oil and gas clients; port services including coal ports, hauling roads, weighbridges, stockpiles, and crushers; oil and gas exploration in Papua's Semai III Block; and infrastructure support through subsidiaries like PT Bhakti Coal Resources, PT Bhakti Migas Resources, PT Bhakti Nikel Resources, and PT MNC Infrastruktur Utama. The company, founded in 1968 and headquartered at MNC Tower in Jakarta, Indonesia, primarily serves domestic and export markets in India, China, ASEAN, and beyond, with key mining assets in South Sumatra's Musi Banyuasin region featuring over 330 million metric tons of coal reserves across eight permits. In recent developments, PT Karya Pacific Investama acquired a 24.91% stake in 2024 through off-market transactions totaling over 6.28 billion shares, while former controller PT MNC Asia Holding Tbk reduced its ownership from 44% to around 30%; the company conducted a rights issue approved by OJK in early 2025, issued bonds and sukuk in 2023, reported H1 2023 revenue of USD 100 million with strong coal production growth, and continues expanding mining output and reserves following its 2022 rebranding from PT Indonesia Transport & Infrastructure Tbk to sharpen its energy focus.[press-release]