Berau Coal is an Indonesian-based company. It is majority-owned by PT Sinarindo Ekamulya, which is a subsidiary of the Sinar Mas Group. It owns a 1,184 square kilometre mining concession area located in the Berau Regency in East Kalimantan, Indonesia. This concession area is divided into the Lati Mine site, the Binungan Mine site and the Sambarata Mine site. Berau also owns and operates six coal terminals.
Berau Coal has experienced significant changes in its ownership in the recent past. Berau was initially owned by London-listed Bumi plc, which was owned in part by Nat Rothschild and the Bakrie family. Bumi plc later became Asia Resources Minerals and was taken over in 2015 by Asia Coal Energy Ventures, of the Sinar Mas Group and the Widjaja family.
Since 2014, Berau Coal’s annual reports have not been publicly available through the Indonesian Stock Exchange, however, they are still reported as a listed company.
Berau Coal Shareholders
|Investor||Ownership (%)||Filing Date|
|PT Sinarindo Ekamulya (Sinar Mas Group)||84.74||22 Dec 2016|
|Other Investors (unclear)||15.26|
PLEASE NOTE: Information comes from the companies’ available annual reports (2010 to 2014) 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.