PT Bukit Asam Tbk/ADR (TBNGY)

PT Bukit Asam Tbk, an Indonesian company operating with its subsidiaries, focuses on extensive coal mining activities. Their involvement spans the entire lifecycle of coal, from initial geological surveys and exploration to extraction, processing, refining, logistics, and eventual commercial trading. Beyond core mining, the company also manages specialized port infrastructure for coal, operates steam-powered electricity generation plants, and offers expert advisory services within the coal mining and production industries. Further diversifying its business, PT Bukit Asam Tbk engages in the manufacturing of coal briquettes, provides general mining support services, cultivates and processes oil palm, offers healthcare services, and is involved in real estate and construction projects. Established in 1919, the firm's headquarters are located in Tanjung Enim Selatan, Indonesia. Although based in Indonesia, its operational footprint extends globally to markets such as China, the Philippines, Taiwan, Japan, India, Malaysia, South Korea, Thailand, Vietnam, and Hong Kong. The company is a subsidiary of PT Indonesia Asahan Aluminium (Persero) and adopted its current name, PT Bukit Asam Tbk, in November 2017, having previously been known as PT Bukit Asam Persero Tbk.

Industry: Coal