FAQ
What is PT Indo Tambangraya Megah Tbk?
PT Indo Tambangraya Megah Tbk (ITM) is a coal mining and power company. ITM was established on the 2nd of September1987 and listed on the Jakarta Stock Exchange on the 18th of December 2008.
How many subsidiaries exist under ITM?
The company has five subsidiaries in which ITM has majority ownership. These subsidiaries are:
- PT Indominco Mandiri located in Bontang, East Kalimantan
- PT Trubaindo Coal Mining located in Muara Lawa, East Kalimantan
- PT Jorong Barutama Greston located in Tanah Laut, South Kalimantan
- PT Kitadin in Tenggarong, East Kalimantan
- PT Bharinto Ekatama located in Barito Regency, East and Central Kalimantan
Where are ITM’s main coal markets?
In terms of sales 2008 the Company’s markets were:
- Japan (25%)
- South Korea (13%)
- Thailand (10%)
- Taiwan (10%)
- China (10%)
- Indonesia (8%)
- Philippines (7%)
- Malaysia (9%)
- Italy (8%)
Who are main shareholders of ITM?
As a publically listed company, listed on the Jakarta Stock Exchange 26.28% of ITM is public owned. Banpu Plc, which is listed on the Stock Exchange of Thailand, owns a majority of ITM through its subsidiary, Banpu Minerals Singapore Pte Ltd. Banpu Mineral Singapore owns 73.72% of ITM.
How big is the work area and what are ITM’s current stated coal resources and reserves?
PT ITM Tbk has a total work area of 87,565 hectares.
As of the 31st of January 2009, assessed Coal Resources were 1,675 million tones and Reserves of 312 million tonnes
What type is produced by the company?
Low sulfur thermal coal with 5,300 – 7,300 kcal/kg.