- CEO
- Michael
- Full Time Employees
- 6,378
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Wisma Barito Pacific Tower B Jakarta JK Indonesia 11410
- IPO Date
- Mar 8, 2023
- Business
- PT Petrindo Jaya Kreasi Tbk (CUAN.JK) is an Indonesia-based holding company primarily engaged in coal and gold mining operations through subsidiaries across Kalimantan and West Nusa Tenggara; it focuses on high-calorie thermal coal production while expanding into metallurgical coal, gold, silver, and silica sand. The company offers integrated mining activities including thermal coal, metallurgical coal, gold, and silver extraction; mining services such as contract mining and engineering, procurement, and construction (EPC); and infrastructure services like offshore supply bases, coal terminals, barging, and logistics primarily through key subsidiaries PT Tamtama Perkasa, PT Multi Tambangjaya Utama, PT Petrosea Tbk, PT Daya Bumindo Karunia, PT Borneo Bangun Banua, PT Bara International, PT Intan Bumi Persada, PT Cristian Eka Pratama, PT Intam, and PT Silika Salut Jaya. Founded in 2008 and headquartered in Jakarta at Wisma Barito Pacific Tower B, the company operates six coal concessions in Central and East Kalimantan, a gold and silver concession in Sumbawa, and a quartz sand site in East Kalimantan, serving domestic and export markets for energy generation, steelmaking, and other industrial uses while prioritizing sustainability and global initiatives. In 2024, PT Petrindo Jaya Kreasi Tbk acquired PT Petrosea Tbk (initially 34%, increasing to over 42% ownership) and PT Multi Tambangjaya Utama to diversify revenue streams into contract mining, EPC, and logistics, driving FY24 revenue growth of 719% to USD 802 million and net profit surge of over 1,000% to USD 170 million from gains on bargain purchases and synergies like shared infrastructure with existing mines; it commenced production at the DBK metallurgical coal mine in December 2024, secured major PTRO contracts including a USD 1 billion deal with Vale Indonesia and projects with Pasir Bara Prima, Manyar Maju copper refinery, and Masmindo gold mine, achieving a PTRO contract backlog of IDR 64.3 trillion; announced its first dividend payout of IDR 2.93 per share in April 2025 and an ongoing IDR 500 billion share buyback program from March to June 2025 to enhance shareholder value amid market volatility.