021 31930108 – 9
[email protected]
M
elambatnya ekonomi China sepanjang tahun 2012 lalu yang mendorong penurunan permintaan batubara di Indonesia dinilai banyak investor hanya bersifat sementara, sebab kebutuhan energi di dunia termasuk kebutuhan batubara akan tetap tumbuh dimasa mendatang. Lagipula konsumen batubara Indonesia bukan hanya China tapi juga India yang permintaan batubaranya terus mengalami peningkatan. Hal ini yang membuat banyak investor baik dari dalam maupun luar negeri berlomba lomba masuk ke bisnis batubara.
mempertahankan pendapatan dan labanya. Namun ada beberapa perusahaan yang walaupun sukses meningkatkan pendapatannya tapi tidak berhasil memperoleh laba seperti BUMI yang hingga September 2012 mengalami kerugian sebesar US$ 322,0 juta. Disamping sukses membukukan pendapatan dan laba yang spektakuler, ternyata group perusahaan diatas juga mempunyai hutang yang sangat besar yang jika tak pandai mengelolanya akan menghadapi kesulitan dikemudian hari.
Menurut investigasi yang dilakukan CDMI, negara-negara yang gencar melakukan investasi di sektor batubara adalah Amerika Serikat, Australia, China, India, Jepang, Singapura, Malaysia, Thailand dan masih banyak yang lain. Caranya adalah dengan mengakuisisi tambang atau menambah kepemilikan sahamnya menjadi mayoritas, sehingga banyak tambang batubara di Indonesia telah berubah kepemilikannya.
Suksesnya group perusahaan batubara tersebut, membuat beberapa perusahaan di Indonesia merubah orientasi bisnis intinya ke sektor batubara dengan cara mengakuisisi perusahaan pertambangan, seperti yang dilakukan oleh The Rajawali Group melalui PT. Golden Eagle Energy yang sebelumnya menjalankan bisnis hiburan dan restoran, adalagi Samindo Resources yang sebelumnya bernama MYOH Technology menjalankan bisnis informasi teknologi sebagai pengembang software yang sahamnya dikuasai oleh SAMTAN Co Ltd.
Hal yang sama juga dilakukan oleh Group perusahaan besar dalam negeri yang tak kalah gencarnya melakukan ekspansi dengan mengeluarkan investasi yang sangat besar diantaranya adalah The BUMI Plc Group, The ADARO Group, The BAYAN Group, The INDIKA Group, The BANPU Group, The BA Group, The BORN Group, The TANITO Group, The ASTRA Group, The SINAR MAS Group dan masih banyak yang lainnya.
Melihat antusiasnya kinerja perusahaan diatas, membuat PT. Central Data Mediatama Indonesia (CDMI) tertarik untuk melakukan investigasi yang lebih mendalam dan akhirnya sukses menerbitkan buku berjudul “Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014 Beserta Laporan Keuangannya”.
Tahun 2011 lalu Group perusahaan diatas telah merasakan manisnya bisnis batubara dan menemukan masa kejayaannya dengan pendapatan dan laba yang spektakuler, seperti BUMI yang sukses membukukan pendapatan sebesar US$ 4,0 milyar, ADRO sebesar US$ 3,9 milyar, BRAU US$ 1,6 milyar, BA Rp. 10,5 triliun, HRUM Rp. 7,2 triliun, The TMT Group Rp. 6,6 triliun, BORN Rp. 6,0 triliun, INDY Rp. 5,2 triliun, TOBA Rp. 4,3 triliun, GEMS Rp. 2,8 triliun, ITMG Rp. 2,3 triliun, sehingga beberapa pemilik Group perusahaan tersebut menjelma menjadi orang terkaya di Indonesia.
Buku ini hanya dijual secara ekslusif di CDMI dan hanya dapat dipesan langsung ke bagian marketing dengan Ibu Tina melalui telepon nomor (021) 3193 0108-09 atau melalui Fax di nomor (021) 3193 0102 dan melalui e-mail:
[email protected] dengan harga US$ 780 untuk edisi bahasa Indonesia dan US$ 840 untuk edisi bahasa Inggris. Demikian penawaran kami, atas perhatian dan kerjasamanya kami ucapkan terimakasih. Hormat Kami,
Sepanjang tahun 2012, Group perusahaan tersebut masih tetap dapat meningkatkan kinerjanya dan sukses
Muslim M. Amin
........................................................................................................................................... our creative data for your partners
Phone : (021) 31930108 ‐ 9 Fax : (021) 31930102 E‐mail :
[email protected] Website : www.cdmione.com
P.T. CENTRAL DATA MEDIATAMA INDONESIA AGP Building, 2nd Floor Jl. Pegangsaan Timur No. 1 Cikini Jakarta 10320
Mohon Kirimkan
:
Nama (Mr/Mrs/Ms)
:
Nama Perusahaan
:
Alamat
:
Telepon/Fax E‐mail Berikan tanda
………… eksemplar
“Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014 Beserta Laporan Keuangannya” Posisi
:
:
Tanggal
:
:
Tanda Tangan : Harga :
/ /
US$ 780 (Indonesian), US$ 840 (English)
Check/Bank Draft Catatan : Luar negeri ditambah ongkos kirim
Kirimkan Invoice
Edisi Bhs. Indonesia
Edisi Bhs. Inggris
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
DAFTAR ISI ............................................................................................................ i EXECUTIVE SUMMARY ........................................................................................ ix 1.
The ADARO Group.......................................................................................... 1
P.T. ADARO ENERGY Tbk. (ADRO) ....................................................... 1 History of Company ................................................................................ 1 Kinerja Perusahaan .................................................................................. 3 Daftar Anak Perusahaan dan Total Aset ......................................................... 8 Profil Lengkap Perusahaan Affiliasi ............................................................ 11 P.T. ADARO INDONESIA (AI) ............................................................ 11 P.T. SAPTAINDRA SEJATI (SIS) ......................................................... 16 P.T. INDONESIA BULK TERMINAL (IBT) ............................................ 20 E. Kinerja Keuangan.................................................................................. 21 F. Target Perusahaan ................................................................................. 24 A. B. C. D.
2.
The AKR Group ............................................................................................ 25
P.T. AKR CORPORINDO Tbk (AKRA) ................................................... 25 History of Company .............................................................................. 25 Kinerja Perusahaan ................................................................................ 27 Daftar Anak Perusahaan dan Total Aset ....................................................... 28 Profil Lengkap Perusahaan Affiliasi ............................................................ 30 P.T. BUMI KARUNIA PERTIWI (BKP) ................................................. 30 P.T. SARANA TAMBANG UTAMA (STU) ............................................. 31 E. Kinerja Keuangan.................................................................................. 32 F. Target Perusahaan ................................................................................. 34 A. B. C. D.
3.
The ANCORA Group...................................................................................... 35
P.T. ANCORA INDONESIA RESOURCES Tbk. (OKAS) ............................ 35 History of Company .............................................................................. 35 Kinerja Perusahaan ................................................................................ 37 Daftar Anak Perusahaan dan Total Aset ....................................................... 39 Profil Lengkap Perusahaan Affiliasi ............................................................ 40 P.T. MULTI NITROTAMA KIMIA (MNK) ............................................. 40 E. Kinerja Keuangan.................................................................................. 41 F. Target Perusahaan ................................................................................. 43 A. B. C. D.
DAFTAR ISI
i.
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
4.
The ANTAM Group ........................................................................................ 44
P.T. ANEKA TAMBANG Tbk. (ANTM) .................................................. 44 History of Company .............................................................................. 44 Kinerja Perusahaan ................................................................................ 46 Daftar Anak Perusahaan dan Total Aset ....................................................... 47 Profil Lengkap Perusahaan Affiliasi ............................................................ 48 P.T. INDONESIA COAL RESOURCES (ICR) .......................................... 48 E. Kinerja Keuangan.................................................................................. 49 F. Target Perusahaan ................................................................................. 51 A. B. C. D.
5.
The ASTRA Group ........................................................................................ 52
P.T. UNITED TRACTORS Tbk. (UNTR) ................................................. 52 History of Company .............................................................................. 52 Kinerja Perusahaan ................................................................................ 54 Daftar Anak Perusahaan dan Total Aset ....................................................... 56 Profil Lengkap Perusahaan Affiliasi ............................................................ 58 P.T. TUAH TURANGGA AGUNG (TTA) ............................................... 58 P.T. PAMAPERSADA NUSANTARA (PAMA) ........................................ 59 P.T. MULTI PRIMA UNIVERSAL (MPU) .............................................. 60 P.T. KALIMANTAN PRIMA PERSADA (KPP) ........................................ 60 E. Kinerja Keuangan.................................................................................. 62 F. Target Perusahaan ................................................................................. 64 A. B. C. D.
6.
The ATLAS RESOURCES Group .................................................................. 65
P.T. ATLAS RESOURCES Tbk (ARII) .................................................... 65 History of Company .............................................................................. 65 Kinerja Perusahaan ................................................................................ 67 Daftar Anak Perusahaan dan Total Aset ....................................................... 70 Profil Lengkap Perusahaan Affiliasi ............................................................ 72 P.T. BERAU BARA ENERGI (BBE) ...................................................... 72 E. Kinerja Keuangan.................................................................................. 73 F. Target Perusahaan ................................................................................. 75 A. B. C. D.
7.
The ATPK Group .......................................................................................... 76
P.T. ATPK RESOURCES Tbk (ATPK) .................................................... 76 History of Company .............................................................................. 76 Kinerja Perusahaan ................................................................................ 78 Daftar Anak Perusahaan dan Total Aset ....................................................... 79 Profil Lengkap Perusahaan Affiliasi ............................................................ 80 P.T. MIM COAL POWER (MCP) ......................................................... 80 P.T. TUHUP COAL MINING (TCM) ..................................................... 81 E. Kinerja Keuangan.................................................................................. 82 F. Target Perusahaan ................................................................................. 84 A. B. C. D.
DAFTAR ISI
ii.
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
8.
The BORNEO LUMBUNG ENERGI Group.................................................... 85
P.T. BORNEO LUMBUNG ENERGI & METAL Tbk. (BORN) ..................... 85 History of Company .............................................................................. 85 Kinerja Perusahaan ................................................................................ 86 Daftar Anak Perusahaan dan Total Aset ....................................................... 90 Profil Lengkap Perusahaan Affiliasi ............................................................ 90 P.T. ASMIN KOALINDO TUHUP (AKT) ............................................... 90 E. Kinerja Keuangan.................................................................................. 91 F. Target Perusahaan ................................................................................. 94 A. B. C. D.
9.
The BANPU PLC Group ................................................................................ 95
P.T. INDO TAMBANGRAYA MEGAH Tbk. (ITMG) ................................. 95 History of Company .............................................................................. 95 Kinerja Perusahaan ................................................................................ 97 Daftar Anak Perusahaan dan Total Aset ...................................................... 100 Profil Lengkap Perusahaan Affiliasi ........................................................... 101 P.T. KITADIN ................................................................................ 101 P.T. INDOMINCO MANDIRI (IM) ...................................................... 104 P.T. JORONG BARUTAMA GRESTON (JBG) ........................................ 106 P.T. TRUBAINDO COAL MINING (TCM) ............................................ 107 P.T. BHARINTO EKATAMA (BE) ....................................................... 108 E. Kinerja Keuangan................................................................................. 110 F. Target Perusahaan ................................................................................ 112 A. B. C. D.
10. The BARAMULTI Group............................................................................. 113
P.T. BARAMULTI SUKSESSARANA (BSSR) .......................................... 113 History of Company ............................................................................. 113 Kinerja Perusahaan ............................................................................... 115 Daftar Anak Perusahaan dan Total Aset ...................................................... 116 Profil Lengkap Perusahaan Affiliasi ........................................................... 117 P.T. ANTANG GUNUNG MERATUS (AGM) ......................................... 117 E. Kinerja Keuangan................................................................................. 118 F. Target Perusahaan ................................................................................ 120
A. B. C. D.
11. The BAYAN RESOURCES Group................................................................ 121
A. B. C. D.
P.T. BAYAN RESOURCES Tbk. (BYAN)................................................ 121 History of Company ............................................................................. 121 Kinerja Perusahaan ............................................................................... 123 Daftar Anak Perusahaan dan Total Aset ...................................................... 126 Profil Lengkap Perusahaan Affiliasi ........................................................... 130 P.T. GUNUNGBAYAN PRATAMACOAL (GBP) .................................... 130 P.T. TEGUH SINAR ABADI (TSA) ...................................................... 134 P.T. DERMAGA PERKASA PRATAMA (DPP) ....................................... 135
DAFTAR ISI
iii.
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
P.T. INDONESIA PRATAMA (IP) ....................................................... 135 P.T. PERKASA INAKAKERTA (PI) ..................................................... 136 P.T. WAHANA BARATAMA MINING (WBM) ....................................... 136 E. Kinerja Keuangan................................................................................. 137 F. Target Perusahaan ................................................................................ 139 12. The BUKIT ASAM Group ............................................................................ 140
P.T. Tambang Batubara BUKIT ASAM (Persero) Tbk. (PTBA) .................... 140 History of Company ............................................................................. 140 Kinerja Perusahaan ............................................................................... 142 Daftar Anak Perusahaan dan Total Aset ...................................................... 147 Profil Lengkap Perusahaan Affiliasi ........................................................... 148 P.T. BUKIT ASAM PRIMA (BAP) ....................................................... 148 E. Kinerja Keuangan................................................................................. 149 F. Target Perusahaan ................................................................................ 150 A. B. C. D.
13. The BUMI PLC Group ................................................................................ 152
P.T. BERAU COAL ENERGY Tbk. (BRAU) ............................................ 152 History of Company ............................................................................. 152 Kinerja Perusahaan ............................................................................... 154 Daftar Anak Perusahaan dan Total Aset ...................................................... 156 Profil Lengkap Perusahaan Affiliasi ........................................................... 157 P.T. BERAU COAL (BC) ................................................................... 157 E. Kinerja Keuangan................................................................................. 160 F. Target Perusahaan ................................................................................ 162
A. B. C. D.
14. The BUMI RAYA UTAMA Group ................................................................ 163
P.T. RESOURCE ALAM INDONESIA Tbk. (KKGI) ................................. 163 History of Company ............................................................................. 163 Kinerja Perusahaan ............................................................................... 165 Daftar Anak Perusahaan dan Total Aset ...................................................... 167 Profil Lengkap Perusahaan Affiliasi ........................................................... 168 P.T. INSANI BARAPERKASA (IB) ...................................................... 168 E. Kinerja Keuangan................................................................................. 169 F. Target Perusahaan ................................................................................ 171 A. B. C. D.
15. The DAYAINDO RESOURCES Group ......................................................... 172
A. B. C. D. E.
P.T. DAYAINDO RESOURCES INTERNATIONAL Tbk. (KARK) ............... 172 History of Company ............................................................................. 172 Kinerja Perusahaan ............................................................................... 174 Daftar Anak Perusahaan dan Total Aset ...................................................... 176 Kinerja Keuangan................................................................................. 177 Target Perusahaan ................................................................................ 179
DAFTAR ISI
iv.
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
16. The DELTA DUNIA MAKMUR Group ......................................................... 180
P.T. DELTA DUNIA MAKMUR Tbk. (DOID) .......................................... 180 History of Company ............................................................................. 180 Kinerja Perusahaan ............................................................................... 182 Daftar Anak Perusahaan dan Total Aset ...................................................... 183 Profil Lengkap Perusahaan Affiliasi ........................................................... 184 P.T. BUKIT MAKMUR MANDIRI UTAMA (BUMA) ............................... 184 E. Kinerja Keuangan................................................................................. 185 F. Target Perusahaan ................................................................................ 187 A. B. C. D.
17. The ENERGY Group ................................................................................... 188
P.T. EXPLOITASI ENERGI INDONESIA Tbk. (CNKO) ............................ 188 History of Company ............................................................................. 188 Kinerja Perusahaan ............................................................................... 190 Profil Lengkap Perusahaan Affiliasi ........................................................... 192 P.T. ENERGI BATUBARA INDONESIA (EBI) ....................................... 192 D. Kinerja Keuangan................................................................................. 193 E. Target Perusahaan ................................................................................ 196 A. B. C.
18. The GARDA TUJUH BUANA Group ............................................................ 197
A. B. C. D.
P.T. GARDA TUJUH BUANA Tbk. (GTBO) ............................................ 197 History of Company ............................................................................. 197 Kinerja Perusahaan ............................................................................... 199 Kinerja Keuangan................................................................................. 200 Target Perusahaan ................................................................................ 202
19. The GOLDCHILD Group ............................................................................. 203
A. B. C. D. E.
P.T. INOVISI INFRACOM Tbk. (INVS) ................................................. 203 History of Company ............................................................................. 203 Kinerja Perusahaan ............................................................................... 205 Daftar Anak Perusahaan dan Total Aset ...................................................... 206 Kinerja Keuangan................................................................................. 207 Target Perusahaan ................................................................................ 209
20. The GUNUNG AGUNG Group ...................................................................... 211
A. B. C. D. E. F.
P.T. TOKO GUNUNG AGUNG Tbk (TKGA) ........................................... 211 History of Company ............................................................................. 211 Kinerja Perusahaan ............................................................................... 212 Daftar Anak Perusahaan dan Total Aset ...................................................... 213 Profil Lengkap Perusahaan Affiliasi ........................................................... 214 P.T. NUSANTARA TERMAL COAL (NTC) .............................................. 214 P.T. RIAU BARAHARUM (RB) .............................................................. 215 Kinerja Keuangan................................................................................. 216 Target Perusahaan ................................................................................ 218
DAFTAR ISI
v.
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
21. The INDIKA Group ..................................................................................... 219
A. B. C. D. E. F.
P.T. INDIKA ENERGY Tbk. (INDY) ..................................................... 219 History of Company ............................................................................. 219 Kinerja Perusahaan ............................................................................... 221 Daftar Anak Perusahaan dan Total Aset ...................................................... 224 Profil Lengkap Perusahaan Affiliasi ........................................................... 226 P.T. KIDECO JAYA AGUNG (KJA) ........................................................ 226 P.T. PETROSEA Tbk. (PTRO) ............................................................... 229 P.T. MITRABAHTERA SEGARA SEJATI Tbk. (MBSS) ............................... 234 P.T. TRIPATRA ENGINEERS AND CONSTRUCTION (TEC) ....................... 238 Kinerja Keuangan................................................................................. 239 Target Perusahaan ................................................................................ 241
22. The MEDCO Group ..................................................................................... 243
P.T. MEDCO ENERGI INTERNATIONAL Tbk. (MEDC) .......................... 243 History of Company ............................................................................. 243 Kinerja Perusahaan ............................................................................... 245 Daftar Anak Perusahaan dan Total Aset ...................................................... 246 Profil Lengkap Perusahaan Affiliasi ........................................................... 247 P.T. MEDCO ENERGI MINING INTERNATIONAL (MEMI) ..................... 247 P.T. DUTA TAMBANG REKAYASA (DTR) .......................................... 248 E. Kinerja Keuangan................................................................................. 249 F. Target Perusahaan ................................................................................ 251
A. B. C. D.
23. The MNC Group .......................................................................................... 252
P.T. BHAKTI INVESTAMA Tbk. (BHIT) .................................................. 252 History of Company ............................................................................. 252 Kinerja Perusahaan ............................................................................... 254 Daftar Anak Perusahaan dan Total Aset ...................................................... 255 Profil Lengkap Perusahaan Affiliasi ........................................................... 257 P.T. BHAKTI COAL RESOURCES (BCR) ............................................. 257 P.T. PUTRA MUBA COAL (PMC) ...................................................... 257 E. Kinerja Keuangan................................................................................. 258 F. Target Perusahaan ................................................................................ 261 A. B. C. D.
24. The RAJAWALI Group ................................................................................ 262
A. B. C. D.
P.T. GOLDEN EAGLE ENERGY Tbk. (SMMT)....................................... 262 History of Company ............................................................................. 262 Kinerja Perusahaan ............................................................................... 264 Daftar Anak Perusahaan dan Total Aset ...................................................... 265 Profil Lengkap Perusahaan Affiliasi ........................................................... 265 P.T. RAJAWALI RESOURCES (RR) .................................................... 265 P.T. TRIARYANI ............................................................................ 266
DAFTAR ISI
vi.
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
P.T. NAGA MAS MAKMUR JAYA (NMMJ) .......................................... 267 E. Kinerja Keuangan................................................................................. 268 F. Target Perusahaan ................................................................................ 269 25. The SINAR MAS Group ............................................................................... 270
P.T. GOLDEN ENERGY MINES Tbk. (GEMS) ........................................ 270 History of Company ............................................................................. 270 Kinerja Perusahaan ............................................................................... 272 Daftar Anak Perusahaan dan Total Aset ...................................................... 274 Profil Lengkap Perusahaan Affiliasi ........................................................... 275 P.T. KARYA CEMERLANG PERSADA (KCP) ....................................... 275 P.T. BORNEO INDOBARA (BI) .......................................................... 276 P.T. BUNGO BARA UTAMA (BBU) .................................................... 277 P.T. BARA HARMONIS BATANG ASAM (BHBA) .................................. 278 E. Kinerja Keuangan................................................................................. 279 F. Target Perusahaan ................................................................................ 281 A. B. C. D.
26. The TANITO Group ..................................................................................... 282
P.T. HARUM ENERGY Tbk. (HRUM) ..................................................... 282 History of Company ............................................................................. 282 Kinerja Perusahaan ............................................................................... 284 Daftar Anak Perusahaan dan Total Aset ...................................................... 287 Profil Lengkap Perusahaan Affiliasi ........................................................... 287 P.T. MAHAKAM SUMBER JAYA (MSJ) .............................................. 287 P.T. TAMBANG BATUBARA HARUM (TBH) ....................................... 289 P.T. SANTAN BATUBARA (SB) ......................................................... 290 P.T. KARUNIA BARA PERKASA (KBP) ............................................... 292 P.T. BARA SEJAHTERA ABADI (BSA) ................................................ 293 P.T. TANITO HARUM (TH) .............................................................. 294 E. Kinerja Keuangan................................................................................. 295 F. Target Perusahaan ................................................................................ 297 A. B. C. D.
27. The TIMAH Group ...................................................................................... 298
P.T. TIMAH (PERSERO) Tbk (TINS) .................................................... 298 History of Company ............................................................................. 298 Kinerja Perusahaan ............................................................................... 300 Daftar Anak Perusahaan dan Total Aset ...................................................... 301 Profil Lengkap Perusahaan Affiliasi ........................................................... 301 P.T. TIMAH INVESTASI MINERAL (TIM) ........................................... 301 P.T. TANJUNG ALAM JAYA (TAJ) .................................................... 302 E. Kinerja Keuangan................................................................................. 304 F. Target Perusahaan ................................................................................ 306 A. B. C. D.
DAFTAR ISI
vii.
CDMI
Kinerja 30 Group Perusahaan BATUBARA di Indonesia, 2013/2014
28. The TMT Group .......................................................................................... 307
P.T. ABM INVESTAMA Tbk. (ABMM) .................................................. 307 History of Company ............................................................................. 307 Kinerja Perusahaan ............................................................................... 309 Daftar Anak Perusahaan dan Total Aset ...................................................... 312 Profil Lengkap Perusahaan Affiliasi ........................................................... 314 P.T. RESWARA MINERGI HERTAMA (RMH) ....................................... 314 P.T. CIPTA KRIDATAMA (CK) .......................................................... 315 E. Kinerja Keuangan................................................................................. 315 F. Target Perusahaan ................................................................................ 318
A. B. C. D.
29. The TOBA Group ........................................................................................ 319
A. B. C. D. E.
P.T. TOBA BARA SEJAHTRA Tbk. (TOBA) ........................................... 319 History of Company ............................................................................. 319 Kinerja Perusahaan ............................................................................... 321 Daftar Anak Perusahaan dan Total Aset ...................................................... 322 Kinerja Keuangan................................................................................. 323 Target Perusahaan ................................................................................ 325
30. The VALLAR Group .................................................................................... 326
P.T. BUMI RESOURCES Tbk. (BUMI) .................................................. 326 History of Company ............................................................................. 326 Kinerja Perusahaan ............................................................................... 328 Daftar Anak Perusahaan dan Total Aset ...................................................... 333 Profil Lengkap Perusahaan Affiliasi ........................................................... 336 P.T. KALTIM PRIMA COAL (KPC) ..................................................... 336 P.T. ARUTMIN INDONESIA (AI) ....................................................... 338 P.T. DARMA HENWA Tbk. (DEWA) ................................................... 341 P.T. FAJAR BUMI SAKTI (FBS) ......................................................... 343 E. Kinerja Keuangan................................................................................. 345 F. Target Perusahaan ................................................................................ 347
A. B. C. D.
CDMI
DAFTAR ISI
viii.
