Toba Bara Sejahtra (Toba Bara) operates three mining concessions located in East Kalimantan through three of its subsidiaries.

Toba Bara is majority-owned by Toba Sejahtra, which as of September 30, 2017, was itself majority-owned by Highland Strategic Holding Ltd.

Toba Bara itself is publicly traded and was listed on the Indonesian Stock Exchange in 2012.

In March 2018, the company postponed a bond issue “due to unfavourable market conditions.”

The company also engages in palm oil processing through a subsidiary.

Credit: Photo by TripodStories -AB, CC BY-SA 4.0

According to its Annual Report, in 2016, it entered into power generation, signing a Power Purchase Agreement (PPA) with Perusahaan Listrik Negara (PLN) and planning to construct Sulbagut 1, a coal-fired power plant (2×50 MW) in Sulawesi and obtained finance for this project in July 2017.

In April 2017, it signed a PPA with PLN in respect of another 50MW coal-fired power plant in the area.

Loans

Structure of Toba Bara

http://www.tobabara.com/en/company-overview/corporate-structure.php

Toba Bara Shareholders

Investor Ownership (%) Filing Date
1. Highland Strategic Holdings 61.91 30 Sep 2017
2. Bintang Bara B.V. 10.00 30 Sep 2017
3. PT Toba Sejahtra 10.00 30 Sep 2017
4. PT Bara Makmur Abadi 6.25 30 Sep 2017
5. PT Sinergi Sukses Utama 5.10 30 Sep 2017
6. Prakoso (Roby Budi) 3.65 30 Sep 2017
7. Pandjaitan (Davit Togar) 0.75 30 Sep 2017

PLEASE NOTE: Information comes from the companies’ available annual reports and financial reports (2012 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: 28 Apr 2018