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Bukit Asam (Indonesian Govt)

PT Bukit Asam (Persero) Tbk is an Indonesian company, majority-owned by the Indonesian government and mainly engaged in the coal mining industry.

Its coal-related operations include research, exploration, exploitation, processing, purifying, transporting and trading; managing and operating ports and jetties for coal, either for internal or external use; managing and operating thermal power plants, and providing coal mining and production related consultation and engineering services.

Coal mines

Bukit Asam has coal mining concessions in several areas within Indonesia, including Tanjung Enim, Peranap, Palaran and Ombilin.

Briquette manufacturing

The company is also engaged in briquette manufacturing. Its briquette plants in Tanjung Enim produce carbonated briquettes, while its plants in Natar and Gresik, Indonesia make non-carbonated briquettes.

Heavy equipment used for open-pit mining at one of PT Bukit Asam’s coal mines. Credit: PTBA


Investor Ownership (%) Date
1. Government of the Republic of Indonesia (PT Indonesia Asahan Aluminium 65.02 31 Mar 2019
2.Vanguard Group 1.25 31 May 2019
3.BlackRock Institutional Trust Company 0.55 30 Jun 2019
4. APG Asset Management 0.54 31 Dec 2018
5. Dimensional Fund Advisors 0.52 30 Jun 2019
6. Grantham Mayo Van Otterloo & Co 0.37 28 Feb 2019
7. Merian Global Investors 0.37 31 Jan 2019
8. Northern Trust Investments 0.31 30 Jun 2019
9. PGGM Vermogensbe heer B.V. 0.25 31 Dec 2018
10. FIL Investment Management 0.24 31 May 2018


Corporate loans since 2008
Institution Total aggregate debt (US$ million) Number of deals Most recent deal year
Australia and New Zealand Banking Group $100 1 2014
Bank Mandiri $85 4 2014
Bank Negara Indonesia $29 3 2015
Bank Muamalat Indonesia $8 1 2015
Bank Permata $1 1 2012


Please note the above information is from the companies’ available annual and financial reports 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.