PT Harum Energy Tbk is a holding company, established in 1995, with a portfolio of
businesses engaged in the mining of coal and minerals, as well as logistics and processing activities in East Kalimantan and North Maluku, Indonesia.
PT Harum Energy Tbk (the Company) was initially established as PT Asia Antrasit, based on Notarial Deed No. 79 dated October 12, 1995. Based on Notarial Deed No. 30 dated November 13, 2007 of James Herman Raharjo, S.H., notary in Jakarta, PT Asia Antrasit’s name was changed to PT Harum Energy and the Company’s Articles of Association was amended to conform to Law No. 40 year 2007 on Limited Liability Companies.
In accordance with Article 3 of the Company’s Articles of Association, the scope of the Company’s activities relates to holding company activities, financial services activities, mining, trading, industrial, electricity, and management consulting activities. Based on these provisions, the Company’s main business activities currently are in operations and investments in coal mining, trade and services through Subsidiaries and Associates, which are carried out in accordance with the existing laws and regulations by applying the principles of good corporate governance and sound business ethics.
The Company’s strength lies in its vertically integrated production chain. It is also one of the operational efficiency aspects that enables the Company to develop and withstand the up and down cycle of coal business in the domestic and international market. By consistently delivering superior performance, the Company has successfully sold its coal to various Asian countries, such as China, Thailand, Bangladesh, South Korea, India, Pakistan, and the Philippines.
The Company is also currently expanding its business into the mining and processing of nickel ore, which is expected to contribute in the next few years.
The Company listed its shares in the Indonesian Stock Exchange on 6 October 2010 under the stock ticker code HRUM.