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Bayan Resources Tbk

Description:

The Founder Dato' Low Tuck Kwong started his business in Indonesia in 1973 when he established a construction company specializing in general civil works, earth works and marine construction. The company's extensive experience and knowledge in civil engineering enable it to venture into contract coal mining in 1988. Following that in November 1997, Dato' Low acquired his first mining concession through PT. Gunungbayan Pratamacoal, and PT Dermaga Perkasapratama that owns and operates Balikpapan Coal Terminal in 1998. Since then, a number of new concessions have been acquired and formalised into a legal holding structure through PT Bayan Resources. Since 2001, the Bayan Group on average has added one new concession to its portfolio each year. The Bayan Group continous to evaluate new coal opportunities in Indonesia and intends to make additional acquisitions where there is strategic benefit.

The Bayan Group, through various companies, has exclusive rights to mine under five Coal Contracts of Works (CCOWs) and three Kuasa Pertambangan's (KPs) awarded by the Government of Indonesia over a total concession area of 81,265 Ha, The Bayan Group coal resources and reserves have been independently verified and certified to international JORC standards by a third-party mining consultant (http://www.bayan.com.sg/)

Security: BYAN
Address: Gd. Graha Irama Lt.12, Jl. HR Rasuna Said Blok X-1, Kav.1-2
Phone: 021-5269868
Fax: 021-5269866
Website: http://www.bayan.com.sg/ Major Industry: Oil, Gas, Coal & Related Services
Exchanges: JAK Sub Industry: Coal Producers
Currency: Indonesian Rupiahs Employees: 61
Fiscal Yr Ends: December Market Cap: 22,250,001,112,500 (IDR)
Share Type: Ordinary Share Outstanding: 3,333,333,500
Country INDONESIA Closely Held Shares: 2,704,940,032
Established 21st Dec 2004 Listing: 12th Aug 2008
Closing Price: 6675 (IDR) Data As Of: 18th Sep 2017