- Business
- PT Ancora Indonesia Resources Tbk is an Indonesia-based natural resources holding company engaged primarily in the manufacturing and trading of explosives and related products, mining, oil and gas drilling services, transportation, and other industrial services. The company operates through several subsidiaries, including PT Multi Nitrotama Kimia, which manufactures and distributes ammonium nitrate and nitric acid used as explosives in coal and mineral mining, public works, and cement industries; PT Bormindo Nusantara, which provides onshore oil and gas drilling services and related equipment across Indonesia; and Ancora Shipping, which offers logistical support services. Founded in 2003 and headquartered in Jakarta, Ancora serves the Indonesian market with a focus on mining, energy, and industry sectors.
Recent strategic developments include the 2024 divestment of non-core gold mining assets through its subsidiary Indotan Lombok to strengthen the company’s financial position and focus on integrated energy solutions. The company reported a significant net profit growth of 210% in 2024, reaching approximately USD 25.95 million, supported by multi-year contracts worth USD 70 million with major domestic coal, cement, and mining service companies, as well as a large international mining service client. Ancora also enhanced its leadership team and reaffirmed its commitment to sustainability and long-term growth in 2025, focusing on expanding energy solution services, strengthening partnerships, and investing in energy transition innovations.
Ancora’s product portfolio spans ammonium nitrate and nitric acid explosives, explosives accessories, oil and gas drilling rigs and services, including high-pressure well control equipment, special drilling pipes, drilling monitoring systems, and rig transfer equipment. Its service offerings cover blasting, drilling, workover and well management, integrated project management, equipment and supply rentals, and workforce training. The company operates mainly in Indonesia, providing key inputs and services to mining, construction, energy, and industrial sectors through its diversified subsidiaries.
In summary, PT Ancora Indonesia Resources Tbk is a vertically integrated natural resources company focused on explosives manufacturing, oil and gas drilling services, and industrial logistics in Indonesia. It continues to optimize its portfolio by focusing on core energy and mining services while expanding strategic partnerships and operational capabilities to drive sustainable growth. The company is listed on the Indonesia Stock Exchange under ticker OKAS and headquartered in Jakarta.