30 Indonesia’s Biggest Coal Mining Companies

 

30 Indonesia’s Biggest Coal Mining Companies- In Indonesia, there are 30 Indonesia’s Biggest Coal Mining Companies. This company has a key role in influencing the production of coal in Indonesia. Indonesia is one of the World’s biggest coal producers. Statistically, the production of Steam Coal reached 610,936,000 metric tons based on World Mining Database in 2023.

These companies in the article are state-owned companies and public companies. They have listed their stock in the Indonesian Stock Market (IDX). With public status, we can access financial performance. So, in this article, we ranked the public companies because of their unrestricted access to financial Statements. So, the private coal companies are not analysed because of limited access to their financial statements. Here is the rank of 30 Largest Coal Mining Companies from Indonesia. These data were ranked by Net income that companies have gotten in 2023.

 

The Rank of 30 Indonesia’s Biggest Coal Mining Companies in 2023 Based on Net Income

 

Rank	Name of Coal Companies in Indonesia	Total Revenue	Total Revenue	Net Income	Net Income
		2023	2023	2023	2023
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Adaro Energy	USD 6.5 billion	USD 6.5 billion	USD 1.8 billion	USD 1.8 billion
2	United Tractors	IDR 128 trillion	USD 8 billion	IDR 22 trillion	USD 1.3 billion
3	Bayan Resources	USD 3.5 billion	USD 3.5 billion	USD 1.2 billion	USD 1.2 billion
4	Dian Swastatika Sentosa	USD 5 billion	USD 5 billion	USD 1.2 billion	USD 1.2 billion
5	Golden Energy Mines Tbk	USD 2.9 billion	USD 2.9 billion	USD 0.528 billion	USD 0.528 billion
6	Indo Tambangraya Megah	USD 2.3 billion	USD 2.3 billion	USD 0.499 billion	USD 0.499 billion
7	Bukit Asam	IDR 38.4 trillion	USD 2.4 billion	IDR 6.9 trillion	USD 0.43 billion
8	ABM Investama	USD 1.4 billion	USD 1.4 billion	USD 0.315 billion	USD 0.315 billion
9	Harum Energy	USD 0.925 billion	USD 0.925 billion	USD 0.195 billion	USD 0.195 billion
10	Baramulti Suksessarana	USD 1.1 billion	USD 1.1 billion	USD 0.162 billion	USD 0.162 billion
11	Indika Energy	USD 3 billion	USD 3 billion	USD 0.151 billion	USD 0.151 billion
12	Delta Dunia Makmur	USD 1.8 billion	USD 1.8 billion	USD 0.036 billion	USD 0.036 billion
13	Bumi Resources	USD 1.67 billion	USD 1.67 billion	USD 0.026 billion	USD 0.026 billion
14	Resource Alam Indonesia	USD 0.294 billion	USD 0.294 billion	USD 0.026 billion	USD 0.026 billion
15	MNC Energy Investments	USD 0.170 billion	USD 0.170 billion	USD 0.026 billion	USD 0.026 billion
16	Mitrabara Adiperdana	USD 0.224 billion	USD 0.224 billion	USD 0.021 billion	USD 0.021 billion
17	TBS Energi Utama	USD 0.501 billion	USD 0.501 billion	USD 0.020 billion	USD 0.020 billion
18	Transpower Marine	USD 0.066 billion	USD 0.066 billion	USD 0.019 billion	USD 0.019 billion
19	Samindo Resources	USD 0.134 billion	USD 0.134 billion	USD 0.018 billion	USD 0.018 billion
20	Golden Eagle Energy	IDR 1,016 billion	USD 0.06 billion	IDR 255 billion	USD 0.015 billion
21	Petrindo Jaya	IDR 1,494 billion	USD 0.09 billion	IDR 232 billion	USD 0.014 billion
22	Dana Brata Luhur	IDR 632 billion	USD 0.03 billion	IDR 221 billion	USD 0.013 billion
23	Transcoal Pacific	IDR 1,825 billion	USD 0.11 billion	IDR 188 billion	USD 0.01 billion
24	Batulicin Nusantara Maritim	IDR 363 billion	USD 0.022 billion	IDR 79 billion	USD 0.004 billion
25	Rig Tenders Indonesia	IDR 341 billion	USD 0.02 billion	IDR 62 billion	USD 3.8 million
26	Black Diamond Resources	IDR 697 billion	USD 0.04 billion	IDR 38 billion	USD 2.3 million
27	Darma Henwa	IDR 7.3 trillion	USD 0.46 billion	IDR 35 billion	USD 0.002 billion
28	Sumber Energi Andalan	USD 0.245 million	USD 0.245 million	USD 2 million	USD 2 million
29	Dwi Guna Laksana	IDR 3,261 billion	USD 0.2 billion	IDR 15 billion	USD 0.9 million
30	Atlas Resources	USD 0.280 billion	USD 0.280 billion	USD 728 Thousand	USD 728 Thousand
31	Alfa Energy Investama	IDR 263 billion	USD 0.016 billion	(IDR -0.516 billion)	(USD -0.03 million)
32	Perdana Karya Perkasa	IDR 57 billion	USD 0.003 billion	(IDR -6 billion)	(USD -0.3 million)
33	Exploitasi Energi Indonesia	IDR 1,741 billion	USD 0.1 billion	(IDR -41 billion)	(USD -2.5 million)
Source: Annual Report 2023
Currency Rate: 1 US Dollar (USD) = 16,000 Indonesian Rupiah (IDR) Origin Currency : Currency officially used in Annual Report of 2023 US Dollar : Converted Currency from Orgin Currency to US Dollar Using Currency Rate

 

 

As some additional data, we also published some assets, liabilities, and Equities of Indonesian Coal Producers in 2023. These data were obtained from the balance sheet, Annual Report from each company in 2023.

The Rank of 30 Indonesia’s Biggest Coal Mining Companies in 2023 Based on Total Assets

 

Rank	Name of Coal Mining Companies in Indonesia	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		2023	2023	2023	2023
		Origin Currency	US Dollar	Origin Currency	US Dollar
1	Adaro Energy	USD 10.4 billion	USD 10.4 billion	USD 3 billion	USD 3 billion
2	United Tractors	IDR 154 trillion	USD 9.6 billion	IDR 69 trillion	USD 4 billion
3	Bumi Resources Tbk	USD 4.2 billion	USD 4.2 billion	USD 1.4 billion	USD 1.4 billion
4	Bayan Resources	USD 3.4 billion	USD 3.4 billion	USD 1.4 billion	USD 1.4 billion
5	Indika Energy	USD 3.1 billion	USD 3.1 billion	USD 1.7 billion	USD 1.7 billion
6	Dian Swastatika Sentosa	USD 3 billion	USD 3 billion	USD 1.3 billion	USD 1.3 billion
7	Bukit Asam	IDR 38.7 trillion	USD 2.4 billion	IDR 17.2 trillion	USD 1 billion
8	ABM Investama	USD 2.15 billion	USD 2.15 billion	USD 1.39 billion	USD 1.39 billion
9	Indo Tambangraya Megah	USD 2.1 billion	USD 2.1 billion	USD 0.39 billion	USD 0.39 billion
10	Delta Dunia Makmur	USD 1.8 billion	USD 1.8 billion	USD 1.6 billion	USD 1.6 billion
11	Harum Energy	USD 1.6 billion	USD 1.6 billion	USD 0.458 billion	USD 0.458 billion
12	Golden Energy Mines Tbk	USD 1.3 billion	USD 1.3 billion	USD 0.648 billion	USD 0.648 billion
13	TBS Energi Utama Tbk	USD 0.947 billion	USD 0.947 billion	USD 0.524 billion	USD 0.524 billion
14	Atlas Resources	USD 0.527 billion	USD 0.527 billion	USD 0.456 billion	USD 0.456 billion
15	Darma Henwa Tbk	IDR 8.1 trillion	USD 0.506 billion	IDR 4.8 trillion	USD 0.3 billion
16	Baramulti Suksessarana Tbk	USD 0.408 billion	USD 0.408 billion	USD 0.165 billion	USD 0.165 billion
17	MNC Energy Investments	USD 0.245 billion	USD 0.245 billion	USD 0.142 billion	USD 0.142 billion
18	Samindo Resources Tbk	USD 0.236 billion	USD 0.236 billion	USD 0.069 billion	USD 0.069 billion
19	Sumber Energi Andalan Tbk	USD 0.226 billion	USD 0.226 billion	USD 0.015 billion	USD 0.015 billion
20	Mitrabara Adiperdana Tbk	USD 0.229 billion	USD 0.229 billion	USD 0.056 billion	USD 0.056 billion
21	Resource Alam Indonesia Tbk	USD 0.22 billion	USD 0.22 billion	USD 0.061 billion	USD 0.061 billion
22	Transcoal Pacific	IDR 3,509 billion	USD 0.219 billion	IDR 1,413 billion	USD 0.088 billion
23	Petrindo Jaya	IDR 3,546 billion	USD 0.22 billion	USD 1,685 billion	USD 1,685 billion
24	Transpower Marine	USD 0.117 billion	USD 0.117 billion	USD 0.024 billion	USD 0.024 billion
25	Dwi Guna Laksana Tbk	IDR 1,844 billion	USD 0.115 billion	IDR 1,687 billion	USD 0.1 billion
26	Dana Brata Luhur	IDR 1,150 billion	USD 0.07 billion	IDR 63 billion	USD 0.003 billion
27	Exploitasi Energi Indonesia	IDR 976 billion	USD 0.061 billion	IDR 2.303 billion	USD 0.14 billion
28	Golden Eagle Energy	IDR 1,007 billion	USD 0.062 billion	IDR 208 billion	0.013 billion
29	Rig Tenders Indonesia	IDR 698 billion	USD 0.043 billion	IDR 19 billion	USD 0.001 billion
30	Batulicin Nusantara Maritim	IDR 689 billion	USD 0.041 billion	IDR 117 billion	USD 0.007 billion
31	Black Diamond Resources	IDR 647 billion	USD 0.04 billion	IDR 319 billion	USD 0.019 billion
32	Alfa Energy Investama	IDR 418 billion	USD 0.026 billion	IDR 205 billion	USD 0.012 billion
33	Perdana Karya Perkasa	IDR 251 billion	USD 0.015 billion	IDR 7.8 billion	USD 0.4 million
Source: Annual Report 2023
Currency Rate: 1 US Dollar (USD) = 16,000 Indonesian Rupiah (IDR) Origin Currency : Currency officially used in Annual Report of 2023 US Dollar : Converted Currency from Orgin Currency to US Dollar Using Currency Rate

 

 

Brief Description of 25 Indonesia’s Biggest Coal Mining Companies in 2023 

 

 

 

1. United Tractors         

United Tractors is one of the world's leading mining companies in Indonesia. Historically, United Tractors was established in October 1972 and as of 2023, United Tractor still becomes a subsidiary company of Astra International with majority share ownership of 59,50%. Operationally, The Company’s business portfolio is divided into five business lines, namely Construction Machinery, Mining Contractors, Mining, Construction Industry and Energy. In coal mining industries, United tractors have business in mining contractors and exploration. Mining contractor services are run by PT Pamapersada Nusantara (PAMA) and PT Kalimantan Prima Persada (KPP), meanwhile Coal mining exploration was conducted by PT Tuah Turangga Agung (Turangga Resources). Specifically, the Turangga resources has a mining area of coking coal in Kalimantan Tengah (Central Borneo).

Financially, according to the annual report in 2023, United Tractors successfully gained total revenue of IDR 128 trillion or equivalent to USD 8 billion with total net income of around IDR 22 trillion or equivalent to USD 1.3 billion.

 

2.Bayan Resources Tbk (BYAN) 

Bayan Resources is a sub bituminous and bituminous coal mining company which has head office in Balikpapan, Kalimantan Timur (East Borneo). Bayan’s history Started with the purchasing coal mining concession in November 1997 located in Muara Tae, East Kalimantan namely GBP by Dato’ DR. Low Tuck Kwong. Nowadays, this company has total number of employees around 2,876 of people. Operationally, in 2023, Bayan Resources has produced 49.7 million tons of coal in the year 2023. Based on location, some of coal mining exploration areas managed by Bayan Resources located in Satui (Kalimantan Selatan), Kutai Timur (Kalimantan Timur), Kutai Barat (Kalimantan Timur), and Kutai Kartanegara (Kalimantan Timur).

Statistically, according to the annual report, the total revenue of Bayan Resources (BYAN) in 2023 reached USD 3.5 billion. Furthermore, the net income of Bayan Resources in 2023 reached 344 million US Dollars and 1.2 billion US Dollars in 2023.

3. Adaro Energy (ADRO)             

Adaro Energy Indonesia is one of the biggest coal producers in Indonesia. This company has a brand of Envirocoal, a low-pollutant thermal coal. Furthermore, Adaro Energy Indonesia also has metallurgical coal assets across the spectrum from semi soft coking coal to premium-hard coking coal in Indonesia and Australia. As of 2023, the production of coal from Adaro reached 65.88 million tons. Geographically, based on location, the coal mining operations of Adaro located in South Kalimantan and Central Kalimantan, Indonesia and Adaro Indonesia still have 634.39 million tons of coal reserves.

In 2023, the Adaro Group achieved total coal sales of 65.71 million tons with a destination market in China, India, and some Southeast Asia countries. Based on the annual report in 2023, the revenue of Adaro in 2023 reached USD 6.5 billion. Meanwhile, the net income in 2023 reached USD 1.8 billion.

4. Bukit Asam (PTBA)    

This company is a state-owned company through 60% ownership via Indonesia Asahan Aluminium (Inalum). This company has 1,827 employees until 2023. Based on the performance in 2023, this company, Bukit Asam, has coal production in 2023 reaching 41.9 million tons with total sales of coal reaching 36.9 million tons. Geographically, the main exploration coal site of Bukit Asam is located in Tanjung Enim, South Sumatra. Of all exploration sites, Bukit Asam still has total coal reserves around 2.98 billion tons.

Overall, financially, Bukit Asam’s revenue in 2023 reached IDR 38.4 trillion or equivalent to USD 2.4 billion. In addition, the net income of Bukit Asam in 2020 reached IDR 6.9 trillion or equivalent to USD 0.43 billion.

5. Indo Tambangraya Megah (ITMG)

Historically, Indo Tambangraya Megah Tbk. (ITMG) was founded in 1987. As of December 31^st, 2023, this company has 16.9 million tons of coal production with calorific value up to 7,300 kcal/kg. Geographically, some site’s locations of coal mining spread across South Kalimantan, East Kalimantan, and Central Kalimantan and destination markets of coal production from Indo Tambangraya Megah are India, Thailand, Bangladeshm, China Philippines, Japan, South Korea.

Along with development of company business, Indo Tambangraya has 2.500 of employees and based on the ownership, the majority shareholder is Banpu Minerals (Singapore) Pte with 60% of ownership. Statistically, in 2023, Indo Tambangraya Megah (ITMG) can generate revenue of USD 2.3 billion. Meanwhile, the net income of ITMG reached USD 0.499 billion.

6.Golden Energy Mines Tbk (GEMS)     

  

Historically, this company was founded in 1997 with the name PT Bumi Kencana Eka Sakti and then changed its name to PT Golden Energy Mines Tbk on November 16th, 2010. On December 10th, 2009, the Company was acquired by PT Dian Swastatika Sentosa by taking over 99.99% of ownership. This acquisition made Golden Energy Mines as part of Sinar Mas Group. Operationally, The Golden Energy Mines in 2023 has production of coal reaching 46.12 million tons with total sales of coal reaching 46.89 million tons. Furthermore, the coal exploration sites of Golden Energy Mines were around 66.204 hectares with potential coal reserves reaching 950 million tons. Geographically, the location of coal exploration located in Jambi, Sumatera Selatan, Sumatera Barat, Kalimantan Selatan, Kalimantan Tengah. Overall, Financially, Golden Energy Mines can generate revenue around USD 2.9 billion in 2023. Furthermore, the net income of Golden Energy Mines reached USD 0.528 billion.

7. Dian Swastatika Sentosa Tbk (DSSA) 

Dias Swastatika Sentosa is a part of Sinar Mas Group conducting thermal coal mining and trading through its subsidiary, Golden Energy Mines. Furthermore, Dian Swastatika Sentosa also conducted mining and trading activities for metallurgical coal through Stanmore Resources Limited. Statistically, Dian Swastatika Sentosa generates revenue USD 5 billion in 2023. In addition, in 2023, Dian Swastika successfully generated net income in 2023 around USD 1.2 billion.

8.ABM Investama       

   

This company was part of PT Tiara Marga Trakindo group. Statistically, ABM Investama generated revenue USD 1.4 billion     in 2023. Furthermore, ABM Investama gained net income around USD 0.315 billion in 2023.

9.Bumi Resources Tbk (BUMI)  

This company was founded in 1973 with the name of Bumi Modern.  In Coal industries, Bumi Resources has some subsidiary companies managing the coal explorations, namely Kaltim Prima Coal (KPC), Arutmin Indonesia, Darma Henwa, and Pendopo Energi Batubara. Specifically, the coal exploration site of Bumi Resources located in Sumatra Selatan (managed by Pendopo Energi Batubara), Kalimantan Timur (managed by Kaltim Prima Coal), and Kalimantan Selatan (managed by Arutmin Indonesia). Operationally, in 2023, total coal production of Bumi Resources reached 77.8 million tons. Furthermore, financially, Bumi Resources has generated revenue of USD 1.67 billion in 2023. Furthermore, in 2023, this company earned a net income of around USD 0.026 billion.

10.Baramulti Suksessarana Tbk (BSSR)  

PT Baramulti Suksessarana Tbk (“BSSR”) was established in 1990 with some exploration sites located in South Kalimantan and East Kalimantan. In 2023, this company can produce 21.5 million tons of coal with 21.88 million tons of sales. Some of their coal was exported to China, South Korea, and the Philippines. Based on shareholder structures, the majority shareholders of Baramulti suksessarana are PT Wahana Sentosa Cemerlang (50% of share ownership) and Tata Power International Pte Ltd (26% of share ownership). 

Financially, Baramulti gained revenue of USD 1.1 billion in 2023. Furthermore, this company earned net income around USD 0.162 billion in 2023.

11.Mitrabara Adiperdana Tbk (MBAP)  

Mitrabara was founded on October 28th, 1992, with site production in Malinau, North Kalimantan. Now, in 2023, this company has mining sites around 1.930 hectares with a maximum average coal production capacity of 5,000,000 tons/year. Overall, this company can produce 2.09 million tons of Coal in 2023, and they can sell 2.19 million tons of coal. Statistically, Mitrabara Adiperdana gained revenue USD 0.224 billion 2023. Furthermore, this company earned net income of USD 0.021 billion in 2023.

12.Harum Energy Tbk (HRUM)  

This company was founded on October 12th, 1995, with a total of around 716 people. In 2023, this company can produce 6.9 million tons of coal with 7.1 million tons sales of coal. Geographically, in terms of coal production, this company has some sites across East Kalimantan, Central Kalimantan, and Maluku. Based on company structure, Harum Energy has some subsidiary companies managing its coal exploration, namely PT Mahakam Sumber Jaya, PT Santan Batubara, and PT Karya Usaha Pertiwi. Financially, Harum Energy has successfully gained revenue of USD 0.925 billion in 2023. In addition, this company also had a net income of USD 0.195 billion in 2023.

13.TBS Energi Utama Tbk (TOBA)      

     

TBS Energi Utama was founded on August 3^rd, 2007, with total employees around 1.121 of people as of 2023. The majority shareholder of this company is Highland Strategic Holdings Pte Ltd with 61% of share ownership. The Company has a coal concession area of ​​approximately 7,087 hectares consisting of 3 mines and located in Sangasanga, Kutai Kartanegara, East Kalimantan. All of the coal concession area is managed by its subsidiary companies, namely PT Adimitra Baratama Nusantara (ABN), PT Indomining (IM), and PT Trisensa Mineral Utama (TMU). Financially, TBS Energy Utama had revenue of USD 0.501 billion in 2023. Furthermore, the net income of this company in 2023 reached USD 0.020 billion.

14. Indika Energy (INDY)      

      

Indika Energy was founded in 2000 with some coal business segments. Geographically, Indika energy has coal exploration sites located in Kalimantan Timur and Kalimantan Tengah. Specifically, Indika Energy has a subsidiary company, namely Kideco Jaya Agung in managing coal exploration. In terms of business performance, Kideco Jaya Agung produce 30 million tons of coal in 2023. Financially, Indika Energy gained revenue of USD 3 billion in 2023. Furthermore, this company gained a net income around USD 0.151 billion in 2023.

15.Samindo Resources Tbk (MYOH)

Samindo Resources was founded in 1996. Operationally, in 2023, total coal production of Samindo Resources reached 9.5 million tons. Based on shareholder ownership, ST International Corporation still becomes the majority shareholder with 50% of share ownership. Statistically, Samindo Resources gained revenue of USD 0.134 billion in 2023. Furthermore, the net income of Samindo in 2023 reached USD 0.018 billion.

16.Resource Alam Indonesia Tbk (KKGI)     

        

Total coal production of Resources Alam in 2023 reached 5.3 million tons. Specifically, the coal site areas of Resources Alam are located in Gunung Pinang (994 Ha), Bayur (596 Ha), Loa Janan (10,040 Ha), Tani Bakti (379 Ha), Simpang Pasir (430 Ha), Separi (7,019 Ha), Perangkat (2,919 Ha), and Maukiri (2,147 Ha). Financially, Resource Alam Indonesia gained revenue of USD 0.294 billion in 2023. Furthermore, this company earned a net income around USD 0.026 billion in 2023.

17.Golden Eagle Energy Tbk (SMMT)     

PT Golden Eagle Energy Tbk was founded in 1980 with the name PT The Green Pub with some site locations in Palaran, Samarinda, East Kalimantan. In terms of operational coal production, Golden Eagle Energy produced 2.6 million tons of coal in 2023. Financially, Golden Eagle Energy gained revenue of IDR 1,016 billion or equivalent to USD 0.06 billion in 2023. Furthermore, this company earned net income in 2023 around IDR 255 billion or equivalent to USD 0.015 billion.

18.Sumber Energi Andalan Tbk (ITMA) 

This company was founded on November 20, 1987, conducting business in the fields of trade, export and import, consulting services and contractors in the fields of mining and energy. Financially, Sumber Energi Andalan gained revenue of around USD 0.245 million in 2023. Furthermore, this company also gained net income around USD 2 million in 2023.

19. Batulicin Nusantara Maritim Tbk (BESS)       

This company was founded on May 25th, 2011, and has a central office in Batulicin, Tanah Bumbu, South Kalimantan. Operationally, the business activities conducted currently by the Batulicin Nusantara are businesses in the field of sea and river transportation in Indonesia for coal transportation services. Financially, Batulicin Nusantara gained revenue around IDR 363 billion or equivalent to USD 0.022 billion in 2023. Furthermore, this company earned net income around IDR 79 billion or equivalent to USD 0.004 billion in 2023.

20. Darma Henwa Tbk (DEWA) 

Darma Henwa is a coal contractor founded on 8 October 1991. Operationally, Darma Henwa is still a subsidiary company of Bumi Resources. Financially, in 2023, Darma Henwa gained revenue of IDR 7.3 trillion or equivalent to USD 0.46 billion in 2023. Furthermore, this company gained net income IDR 35 billion or equivalent to USD 0.002 billion in 2023.

21. Delta Dunia Makmur Tbk (DOID)     

Delta Dunia was established on November 26, 1990. Delta Dunia Group is a holding company with a diverse business portfolio, including two leading mining service providers in Indonesia and Australia that provide high-quality coal to various large companies. Operationally, in 2023, total coal production of Delta Dunia in 2023 reached 85 million tons. Based on the ownership, Norstar Tambang Persad still became a major shareholder with 37% of ownership and the rest of them are public shareholders. Financially, Delta Dunia Makmur gained revenue of USD 1.8 billion in 2023. Furthermore, this   gained net income around USD 0.036 billion in 2023.

22. Dwi Guna Laksana Tbk (DWGL)

PT Dwi Guna Laksana (DGL) was founded in 1986 and has a coal mine and port in Tanah Laut and Banjar in South Kalimantan with a total concession area of ​​412.8 hectares. Financially, Dwi Guna Laksana gained revenue of IDR 3,261 billion or equivalent to USD 0.2 billion. Furthermore, this company earned net income around IDR 15 billion or equivalent to USD 0.9 million in 2023.

23. Perdana Karya Perkasa (PKPK)         

Perdana Karya Perkasa was founded in 1983. Financially, Perdana Karya Perkasa gained revenue of IDR 57 billion oe equivalent to USD 0.003 billion in 2023. Furthermore, this company suffered net loss around IDR -6 billion or equivalent to USD -0.3 million in 2023.

24. Exploitasi Energi Indonesia Tbk (CNKO)        

This company was established on September 13th, 1999, under the name of PT Central Korporindo International. In 2010, its company changed its name to PT Exploitasi Energi Indonesia. Geographically, the coal concession of Exploitasi Energi Indonesia located in several areas, including Santilik dan Santiung Village, District of Mentaya Hulu, Regency of Kotawaringin Timur, Central Kalimantan with total areas of 2.659 hectares,  Kandul and Majangkan Village, District of Gunung Timang, Regency of Barito, Central Kalimantan with a concession area of 3.467 hectares, and Riam Andungan Village, District of Kintap, Tanah Laut Regency, South Kalimantan with total areas of ​​498.7 hectares. Financially, in 2023 Exploitasi Energi Indonesia gained revenue of IDR 1,741 billion or equivalent to USD 0.1 billion.   

25. Black Diamond Resources   

Black Diamond Resources focused on coal mining and other mining activities established since 2017. Geographically, the coal mining sites of Black Diamond resources are located in Kurun Sub-district, Gunung Mas Regency, Central Kalimantan. Operationally, in 2023, Black Diamond Resources produced 514 thousand tons of coal. Financially in 2023, total revenue of Black Diamond Resources reached IDR 697 billion or equivalent to USD 0.04 billion and successfully gained net income of IDR 38 billion or equivalent to USD 2.3 million.

26. Alfa Energy Investama

 Alfa Energy is a coal mining company which has total concession reaching 2,089 hectare (Ha). Operationally, Alfa Energy produced 346 thousand tons of coal in 2023. Financially, in 2023, Alfa Energy successfully gained total revenue of IDR 263 billion/ USD 0.016 billion but suffered Net loss of (IDR -0.516 billion)/ (USD -0.03 million).

 

27. Transpower Marine

 

Transpower Marine is a logistics company on coal transportation and distribution established 24 January 2005. This company operates and manages more than 40 sets of tugs and barges and several floating cranes. Financially, in 2023, Transpower marine Successfully gained total revenue of USD 0.066 billion with net income of USD 0.019 billion.

 

28. Transcoal Pacific            

Transcoal Pacific is a logistic company focused on distribution of Coal established since January 15, 2007. Operationally, throughout 2023, the Company operated 105 tugs, 95 barges, 3 mother vessels, 3 floating cranes, 3 sea trucks, 19 heavy equipment units, 39 fenders and 2 landing craft transport (LCT). Financially in 2023, Transcoal Pacific successfully gained total revenue of IDR 1,825 billion or equivalent to USD 0.11 billion with Net Income of IDR 188 billion or equivalent to USD 0.01 billion.

  

29. Petrindo Jaya      

Petrindo Jaya was established in 2008 and this company has a coal concession around 9,540 hectares (Ha) in Barito Utara.  Financially, in 2023, Petrindo Jaya successfully gained total revenue of IDR 1,494 billion or equivalent to USD 0.09 billion. Furthermore, Petrindo Jaya in 2023 successfully gained net income of IDR 232 billion or equivalent to USD 0.014 billion.

  

30. Rig Tenders Indonesia

PT Rig Tenders Indonesia Tbk was established as a joint venture between Mr. Boedihardjo Satrohadiwirjo and Rig Tenders Inc on January 22, 1974. In the coal business industry, Rig Tenders provides tugboat and barge charter services to mining companies for the transportation of coal and other aggregates. Financially, in 2023, Rig Tenders Indonesia successfully gained total revenue of IDR 341 billion or equivalent to USD 0.02 billion. Meanwhile, total net income of Rig Tenders Indonesia reached  IDR 62 billion or equivalent to USD 3.8 million in 2023.

  

31. MNC Energy Investments

MNC Energy Investment is a business group of Entrepreneur Harry Tanoesodibyo. Operationally, MNC Energy controls 8 Mining Business Permits located in Musi Banyuasin, South Sumatra with a total coal production reaching 8 million tons. Financially, in 2023, MNC Energy generated revenue of USD 0.170 billion and successfully gained net income of USD 0.026 billion.

  

32. Atlas Resources      

        

Atlas Resources was established in January, 2007. In 2023, Atlas Resources had total coal production reaching 4.42 million tons. In terms coal sites, Geographically, the coal exploration sites of Atlas Resources located in Musi Rawas dan Musi Banyuasin (Sumatera Selatan), Kutai Kartanegara, (Kalimantan Timur), Kabupaten Kutai Barat (Kalimantan Timur). Financially, in 2023, Atlas Resources gained total revenue of USD 0.280 billion and successfully gained net income of USD 728 Thousand.

 

33. Dana Brata Luhur        

   

Dana Brata Luhur was established in 2008 and in 2023, total coal production of Dana Brata Luhur reached 9.35 million tons. Financially, in 2023, total revenue of Dana Brata Luhur reached IDR 632 billion or equivalent to USD 0.03 billion. Furthermore, this company also gained net income of IDR 221 billion or equivalent to USD 0.013 billion.

The Summary of 25 Largest Coal Mining  Companies From Indonesia Based on Net Income in 2023

The Summary of 25 Largest Coal Mining  Companies From Indonesia Based on Total Assets in 2023

 

Bibliography of 25 Indonesia’s Biggest Coal Mining Companies in 2023

International Organizing Committee for The World Mining Congresses. 2023. World Mining Data 2023. Accessed via https://www.world-mining-data.info/?World_Mining_Data___PDF-Files  on December 10th, 2024.

 

Bayan Resources Tbk. Annual Report 2023. Accessed via https://www.bayan.com.sg/laporan-tahunan  on December 10th, 2024.

Adaro Energy. Annual Report 2023. Accessed via https://www.adaro.com/pages/read/10/42/Annual%20Report  on December 10th, 2024.

Bukit Asam. Annual Report 2023. Accessed via https://www.ptba.co.id/laporan/laporan-tahunan  on December 10th, 2024.

Indo Tambangraya Megah. Annual Report 2023. Accessed via https://itmg.co.id/en/investor-relations/investor-updates  on December 10th, 2024.

Golden Energy Mines Tbk. Annual Report 2023. Accessed via https://www.goldenenergymines.com/investor-relation/annual-report/  on December 10th, 2024.

Dian Swatastika Sentosa. Annual Report 2023. Accessed via https://dssa.co.id/en/hubungan-investor/laporan-tahunan  on December 10th, 2024.

ABM Investama. Annual Report 2023. Accessed via https://www.abm-investama.com/menu/16/financial-reports  on December 10th, 2024.

Bumi Resources Tbk. Annual Report 2023. Accessed via http://www.bumiresources.com/en/investor-relations#financialstatements  on December 10th, 2024.

Baramulti Suksessarana Tbk. Annual Report 2023. Accessed via http://www.bssr.co.id/index.php/investor-relations/annual-report  on December 10th, 2024.

Mitrabara Adiperdana Tbk. Annual Report 2023. Accessed via https://mitrabaraadiperdana.co.id/investors/annual-report  on December 10th, 2024.

Harum Energy Tbk (HRUM). Annual Report 2023. Accessed via http://www.harumenergy.com/id/investor-relations/38/laporan-keuangan  on December 10th, 2024.

TBS Energi Utama Tbk. Annual Report 2023. Accessed via https://www.tbsenergi.com/investor-relations/annual-report  on December 10th, 2024.

Indika Energy. Annual Report 2023. Accessed via https://www.indikaenergy.co.id/id/investor/  on December 10th, 2024.

Samindo Resources Tbk. Annual Report 2023. Accessed via https://samindoresources.com/investor/annual-report on May 20th, 2024

Resource Alam Indonesia Tbk. Annual Report 2023. Accessed via https://www.raintbk.com/investor-center/the-case-for-rain  on December 10th, 2024.

Golden Eagle Energy Tbk. Annual Report 2023. Accessed via http://www.go-eagle.co.id/annual-report  on December 10th, 2024.

Sumber Energi Andalan Tbk. Annual Report 2023. Accessed via https://energi-andalan.co.id/annual-reports/  on December 10th, 2024.

Batulicin Nusantara Maritim Tbk. Annual Report 2023. Accessed via https://batulicinnusantaramaritim.com/laporan-tahunan/  on December 10th, 2024.

Darma Henwa Tbk. Annual Report 2023. Accessed via https://www.ptdh.co.id/annual-report  on December 10th, 2024.

Delta Dunia Makmur Tbk. Annual Report 2023. Accessed via https://deltadunia.com/id/pusat-investor/laporan-tahunan/ on December 10th, 2024.

Dwi Guna Laksana Tbk. Annual Report 2023. Accessed via https://dwigunalaksana.co.id/investor_relation/ on December 10th, 2024.

Perdana Karya Perkasa. Annual Report 2023. Accessed via https://www.pkpk-tbk.co.id/company-report  on December 10th, 2024.

Exploitasi Energi Indonesia Tbk. Annual Report 2023. Accessed via http://energigroupindonesia.com/financial-highlight/annual-report/ on December 10th, 2024.

Borneo Olah Sarana Sukses Tbk. Annual Report 2023. Accessed via https://www.bosscoal.com/investor-relation/annual  on December 10th, 2024.