List of the best coal stocks in Indonesia (2022)

Currently, there are approximately 19 coal companies listed on the Indonesian stock exchange. Most of these companies are reserve coal miners in Sumatra, Kalimantan and several nearby small islands.

Here is a list of the best coal stocks in Indonesia by market capitalization:

1. PT Bayan Resources Tbk (BYAN)

Bayan Group is a company founded by Dato’ Dr. Low Tuck Kwong in 1973. Initially, the company was engaged in land construction, public works and marine infrastructure. Acquired PT. Gunungbayan Pratamacoal (GBP) and PT. Perkspattama Port.

The company currently has ambitions to become the lowest-cost coal producer in Indonesia. Previously, Bayan Group, through various innovations, succeeded in increasing its mining production from 1.9 million tonnes per year in 2014 to 22.7 million tonnes in 2018 and the company aims to produce up to 50 million tonnes in the future.

2. PT Adaro Energy Indonesia Tbk (ADRO)

It is undeniable that Adaro is one of the mining stock The most famous in Indonesia Its history dates back to 1970, when a Spanish company called Enadimsa submitted an offer to purchase the 8th Block Coal Mine in Tanjung. South Kalimantan Province

Enadimsa only existed until 1989 in this company. because in that year A consortium of companies from Indonesia and Australia can acquire more than 80% of Adaro’s shares from the company. Currently, 43% of Adaro’s shares are held by PT Adaro Strategic Investments, 40.91% are publicly owned and the remaining 17% are owned. of the directors and committees of the company

in terms of production Adaro’s coal production is relatively stable considering that by 2021 the coal stock company could produce 52.7 million tons of mining material, one of which is used to fuel the train.

3. PT Bukit Asam Tbk (PTBA)

PTBA is one of the oldest mining companies in Indonesia. The company was founded by the colonial government of the Netherlands in 1919 under the name Air Laya. After independence, PTBA is one of the Dutch companies of the Indonesian government.

Once in the form of a public company (PN) in 1981, the legal entity of this company became a limited company (PT) until now and has become a legal entity. state enterprise shares The highest level in the mining sector

4. PT Indo Tambangraya Megah Tbk (ITMG)

The name PT Indo Tambangraya Megah Tbk (ITMG) has recently become a good thing on the stock market. The reason is that the coal share price has surged past 100% in just one year.

ITMG itself is a coal mining company operating on Kalimantan. Not just mining The company also has a distribution center for this commodity from upstream to downstream. Therefore, it has become an integrated coal mining company.

Founded in 1987 and IPO started in 2007. By 2021 ITMG can sell 20 million tons of coal and become one of the largest coal mining companies in Indonesia.

5. PT Tbk Gold Energy Mine (GEMS)

PT Golden Energy Mines Tbk is a subsidiary of Sinarmas Group which operates mining business and trading in mining products The company was established in 1997 in Jambi, South Sumatra, South Kalimantan. and central Kalimantan with a total area of ​​66,204 hectares

In 2021, the company recorded gross profits from coal mining and trading of $370.39 million and $7.28 million, respectively. Most of the revenue comes from coal exports to India, China, Hong Kong and other Asian countries.

6. PT Prima Andalan Mandiri Tbk (MCOL)

PT Prima Andalan Mandiri Tbk is a coal mining company through two subsidiaries, PT Mandiri Intiperkasa and PT Mandala Karya Prima. The company also has a subsidiary in the business of selling coal to the high seas.

Even though it’s just an IPO, at the end of 2021, MCOL’s share price has risen quite a bit from its initial 1,565 per share to 6,675 per share at the time of writing. This indirectly shows investor optimism towards coal stocks in coal mining companies across Indonesia.

7. PT Harum Energy Tbk (HRUM)

The seventh largest coal company listed on IDX is PT Harum Energy Tbk (HRUM). Founded in 1995, the company opened a vertically integrated mining business starting with its own coal mining. from corporate finance to management consulting services through affiliated companies. The coal produced by the company is exported to countries in Asia such as China, Bangladesh, to South Korea.

Not only in the field of coal mining, HRUM is also developing its nickel mining and trading business. The goal is to support the company’s core business over the next few years.

8. PT Bumi Resources Tbk (BUMI)

Indonesia’s 8th largest coal mining company by market value is a subsidiary. Bakri Group, PT Bumi Resources (BUMI). The company, which won the second half of 2000, was able to produce 88 million tons of coal in 2019, with 38% being used for the domestic market. while the rest are marketed in other Asian countries.

In addition to several areas in Indonesia, BUMI also has mines in Gallo Oil, Yemen. Through these two main operations, BUMI has 2.69 billion metric tons of coal reserves.

9. PT Indika Energy Tbk (INDY)

The next largest coal stock listed on IDX is PT Indika Energy Tbk (INDY). This company operates in energy and non-energy mining. From coal, gold, metals and more, its dominance in the mining sector has made it one of the Best LQ45 Stocks.

Indika Energy’s coal-mining subsidiaries are PT Kideco Jaya Agung and Multi Tambangjaya Utama (MUTU). Based in East Kalimantan, Kideco manages six mining centers on 50,921 hectares of land, while MUTU operates in Gai. Central Limantan by managing an area of ​​24,970 hectares.

10. Baramee Suksesana Tbk (BSSR)

PT Baramulti Suksessarana Tbk is a mining company operating in East Kalimantan and South Kalimantan. The company currently expects to manage approximately 24,892 hectares in both of these areas.

Founded in 1990 and listed on IDX in 2012, this company in 2021 can sell 13.6 million tonnes of coal to Indonesia and other Asian countries. This production is expected to increase by several percent in 2022.