Bukit Asam (Indonesian Govt)

PT Bukit Asam (Persero) Tbk is an Indonesia-based company, majority owned by the Indonesian government, primarily engaged in the coal mining industry. Its coal mining-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, either for internal or external use, and providing coal mining and production related consultation and engineering services.

Bukit Asam has coal mining concessions in several areas within Indonesia, including Tanjung Enim, Peranap, Palaran and Ombilin. It is also engaged in briquette manufacturing. Its briqutte manufacturing plants are located in Tanjung Enim, Indonesia, which produces carbonated briquettes, and Natar and Gresik, Indonesia, which produce non-carbonated briquettes.

Loans

Institution Total aggregate debt (US$ million) Number of deals Most recent deal date
Australia and New Zealand Banking Group $100 1 14/08/2014
Bank Mandiri $85 4 28/10/2014
Bank Negara Indonesia $29 2 20/01/2015
Bank Permata $13 2 19/11/2012
Bank Muamalat Indonesia $8 1 13/02/2015
Total $235 10 13/02/2015

PLEASE NOTE: The US$ figures presented are the sum of lenders’ corporate loans to Bukit Asam from 2008-2016. The ‘number of deals’ column indicates the number of deals (of a total of 10 transactions identified) in which a bank has been involved.

Information comes from Bukit Asam’s annual reports. Occasionally, where information is incomplete, assumptions must be made about data and these were made in a consistent manner and in good faith. Whilst we endeavoured to gather and include all relevant deals, we cannot guarantee the completeness of the information presented. All deals were either primary loans or had an unspecified purpose.

Structure

Source: Bukit Asam 2015 Annual Report

Shareholders

Investor Ownership (%) Date
1. Government of the Republic of Indonesia 65.02 30 Jun 2016
2. The Vanguard Group, Inc. 1.05 31 Aug 2016
3. Dimensional Fund Advisors, L.P. 0.81 31 Jul 2016
4. PGGM Vermogensbeheer B.V. 0.54 31 Dec 2015
5. Mellon Capital Management Corporation 0.32 31 Aug 2016
6. TIAA Global Asset Management 0.31 31 Aug 2016
7. BlackRock Institutional Trust Company, N.A. 0.29 30 Sep 2016
8. Parametric Portfolio Associates LLC 0.28 31 Jul 2016
9. FIL Investment Management (Singapore) Ltd. 0.16 31 Mar 2016
10. Van Eck Associates Corporation 0.14 30 Sep 2016
11. Raiffeisen Kapitalanlage-Gesellschaft mbH 0.14 31 Aug 2016
12. St. James’s Place Wealth Management Group 0.13 31 Oct 2015
13. UOB Asset Management Ltd. 0.12 31 Dec 2015
14. Delaware Investments 0.11 31 Aug 2016
15. Eastspring Investments (Singapore) Limited 0.11 30 Nov 2015
16. Neuberger Berman, LLC 0.09 31 Aug 2016
17. Cornèr Banca S.A. 0.09 31 Aug 2016
18. DB Platinum Advisors 0.08 28 Feb 2015
19. Harding Loevner LP 0.07 31 Aug 2016
20. CPP Investment Board 0.07 31 Mar 2015