First established in 2007, PT Atlas Resources Tbk is acknowledged as a
recognized Indonesian producer of coal. In the course of its business
over the past five years, the Company has achieved rapid business
growth, with this growth achieved through acquisitions, exploration and
development, with the initial focus on smaller scale regional coal
concessions.
Since the early days of its operation, the Company has
engaged in a number of activities, including exploration and production
activities in the mining concession of PT Diva Kencana Borneo (DKB) at
Kubar Hub which produces high-calorie coal and metallurgical coal.
Subsequently, the Company increased its mining assets by acquiring PT
Hanson Energy operating at Oku Hub, then Gorby Group, which is known as
Mutara (formerly known as Muba) Project, and PT Optima Persada Energi
(OPE), which has six mining concessions. The Company also have several
subsidiaries that serve logistics business. By means of these strategic
steps, the Company is able to expand its coal production scale.
Up to now, the Company manages a number of mining
concessions covering a total area of more than 200,000 Ha. The Company’s
exploration and production activities are managed through six hubs,
they are:
Mutara Hub,
consists of 5 concessions covering a total area of more than 41,000 Ha
in Musi Rawas Regency and Musi Banyuasin Regency, South Sumatra. This
hub produces thermal coal in order to meet the demand of new type of
power plant generation.
Kukar Hub,
consists of 2 mining concessions located in Kutai
Kartanegara District, East Kalimantan, covering a total area of nearly
2,500 Ha. This hub produces thermal coal, metallurgical coal and
high-calorie thermal coal.
Berau Hub,
consists of 3 mining concessions located in Berau Regency,
East Kalimantan, covering a total area of nearly 15,000 Ha. This hub
produces thermal coal for export markets in Northern Asia.
Kubar Hub,
consists of 3 mining concessions located in West Kutai Regency, East
Kalimantan, covering a total area of nearly 15,000 Ha. This hub produces
metallurgical coal and high-calorie thermal coal.
Oku Hub,
consists of 3 concessions located in South Sumatra, covering a total
area of 23,840 Ha. This hub produces low-calorie steam coal to meet
domestic demand, power generation, and facilities in India, Korea, China
and other markets.
Papua Hub, consists of 2 concessions covering a total area of 100,000 Ha. This hub is intended for future development.
In order to support the business expansion and to
strengthen its capital structure, in November 2011, the Company held an
Initial Public Offering by issuing 650 million new shares at a price of
Rp1,500 per share. Since then, the Company’s shares have been traded on
the Indonesia Stock Exchange (IDX) under the stock code ARII.
Atlas Resources (ARII) History
To be a premier coal producer through entrepreneurship.
Mission
- Build an agile organization
- Generate premium shareholder returns
- Conduct business partnerships with integrity
- Enhance the welfare of local communities
- Apply sound business principles
- Be proactive in conserving our environment
- Maintain a diversity of projects and sustainability of resources
- Be resilient Atlas Resources (ARII)
