About BSSR >
Company Overview
PT Baramulti Suksessarana Tbk (“BSSR”) was established in 1990, as a coal trading company and has since moved
upstream to be a coal mining company.
There are 2 coal concessions in BSSR:
- PT Antang Gunung Meratus (AGM), a 2nd generation Coal Contract of Work (CCOW), located in South Kalimantan
- PT Baramulti Suksessarana (BSSR), an Izin Usaha Pertambangan (IUP), located in East Kalimantan.
About BSSR >
Our Vision
To become a leading integrated energy Company in Indonesia and be capable of sustainability generating added value to the stakeholders
Our Mission
Governance
Managing the Company based on the principles of Good Corporate Governance
Improve
Prioritizing the culture of Continuous Improvement
Value
Being able to continuously provide added values for all stakeholders
Cost
Having a competitive cost structure
About BSSR >
BOARD OF DIRECTORS
|
President Director |
: |
Widada |
|
Vice President Director |
: |
Kamlesh Kumar |
|
Director |
: |
Wong Liong Tje |
|
Director |
: |
Deden Ramdhan |
|
Director |
: |
Arun Viswanathan |
|
Director |
: |
Sangwon Lee |
|
Director |
: |
Fareza Deshandi |
BOARD OF COMMISSIONERS
|
President Commissioner |
: |
Drs. Badrodin Haiti |
|
Vice President Commissioner |
: |
Sanjeev Churiwala |
|
Commissioner |
: |
Daniel Suharya |
|
Commissioner |
: |
JV Patil |
|
Commissioner |
: |
Gi Ock Han |
|
Independent Commissioner |
: |
Prof. Dr. Irwandy Arif, M.sc |
|
Independent Commissioner |
: |
RR.Assistia Semiawan |
|
Independent Commissioner |
: |
Paul Tambunan |
About BSSR >
Milestone
The Baramulti Group has over 20 years of coal experience through entities within the Group.
BSSR was established
BSSR acquired 50% in AGM
AGM started commercial production
BSSR related entities, PT Baramulti Sugih Sentosa (BMSS) and PT Sumber Kurnia Buana (SKB) started developing the canal &port for AGM
BSSR started commercial production
1988 1990 1994 1996 1998 1999 2008 2009 2010 2011 2012
The Baramulti group commenced coal trading and marketing for PT Tambang Batubara Bukit Asam
AGM obtained its CCOW license
BSSR obtained its KP exploration license
BSSR increased its ownership in AGM to 57%
BSSR obtained its IUP license
BSSR increased ownership in AGM to 82%
BSSR increased ownership in AGM to 82%
BSSR increased its ownership in AGM to 100% - 1 share
BSSR become a public company
Strategic Investor signed an off-take agreement with AGM
Tata Power agreed for an option to acquire 26% shares in BSSR
BSSR become a public company
Strategic Investor signed an off-take agreement with AGM
Tata Power agreed for an option to acquire 26% shares in BSSR
Business Unit >
Summary
- Only 14.9% of the 24,893Ha concessions have been explored, with further upside for coal resources and reserves.
- Currently the mining activity in AGM is concentrated in the Block 3 South with all reserves only from Block 3 South.
- At BSSR, mining activity is concentrated in the Eastern Area (Bara 8).
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Source: Statement of Open Cut Resources and Reserves by ASEAMCO