Banpu Group/Indo Tambangraya Megah (ITM)

Calling itself “The Asian Face of Energy”, Banpu Group has been in the coal industry for over 30 years and entered the Indonesian market in 1991.

Banpu Group has coal mining and power generation ventures in Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore, Japan and USA. It also has an expanding solar business in China and Japan. Banpu Group is listed on the Stock Exchange of Thailand.

In 2016 and 2017, Banpu’s coal sales volume was was 40.03 Mt and 36.63 Mt respectively. Approximately 64% of that coal was mined in Indonesia.

https://upload.wikimedia.org/wikipedia/commons/thumb/a/ab/Surface_coal_mine_detail%2C_Gillette%2C_Wyoming.jpg/640px-Surface_coal_mine_detail%2C_Gillette%2C_Wyoming.jpg

Credit: Photo by Greg Goebel, CC BY-SA 2.0 (6 May 2008)

PT Indo Tambangraya Megah Tbk (ITM) is majority-owned by Banpu and is publicly traded. It manages six coal mines in Indonesia, all located in Kalimantan: Indominco, Jurong, Katadin-Embalut, Kitadin-Tundung Mayang, Trubaindo, and Bharinto. In 2017, it purchased a 70% share in the TIS coal mine in East Kalimantan.

Structure of Banpu Group

Bonds

Loans

Banpu Group Shareholders

Investor Ownership (%) Filing Date
1. Mitr Phol Sugar Corporation Ltd. 5.59 08 Mar 2018
2. TME Capital Company Ltd. 2.56 08 Mar 2018
3. Vongkusolkit (Isara) 2.30 08 Mar 2018
4. Social Security Office 2.22 08 Mar 2018
5. Vongkusolkit (Kamol) 1.83 08 Mar 2018
6. Krungsri Asset Management Co. Ltd. 0.96 08 Mar 2018
7. Aberdeen Asset Management Company 0.80 30 Sep 2017
8. Vongkusolkit (Supawee) 0.79 08 Mar 2018
9. Leelathanamongkol (Surachai) 0.75 08 Mar 2018
10. Kasikorn Asset Management Co., Ltd. 0.74 08 Mar 2018

ITM Shareholders

Investor Ownership (%) Filing Date
1. Banpu Minerals (Singapore) Pte. Ltd. 65.14 31 Dec 2017
2. PT Jamsostek 1.16 31 Dec 2017
3. Resources Venture Ltd 1.13 31 Dec 2017
4. Morgan Stanley & Company International 0.95 31 Dec 2017
5. Schafer Cullen Capital Management, Inc. 0.82 31 Dec 2017
6. The Vanguard Group, Inc. 0.64 31 Dec 2017
7. Grantham Mayo Van Otterloo & Co LLC 0.64 31 Dec 2017
8. Mellon Capital Management Corporation 0.47 31 Mar 2018
9. PT Ashmore Asset Management Indonesia 0.46 31 Dec 2017
10. RGIC Private Limited 0.44 31 Dec 2017

PLEASE NOTE: Information comes from the companies’ available annual reports (2008 to 2017) and websites, as well as other public and subscription-based information sources.

Occasionally, where information is incomplete, assumptions must be made about data and these were made in a consistent manner and in good faith. While we endeavoured to gather and include all relevant deals, we cannot guarantee the completeness of the information presented.

Information Updated: 23 April 2018