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PT Bukit Asam Interested in Tuhup Coal Mine in Central Kalimantan

Coal News - Published on Thu, 30 Jul 2020

Image Source: Minergy Mmamabula Coalfield
The Jakarta Post recently reported that Indonesian coal miner PT Bukit Asam has expressed a desire to acquire a lucrative coal mine in Tuhup in Central Kalimantan, to increase and diversify its coal reserves, amid an alleged bribery case implicating the mine’s former owner. As a state-owned enterprise, Bukit Asam has the privilege of first pick to the mine, which was formerly operated by coal mining heavyweight PT Asmin Koalindo Tuhup

The founder of AKT’s parent company, Samin Tan, was named a corruption suspect by the Corruption Eradication Commission in February in relation to a case concerning the Tuhup mine.

Bukit Asam’s acquisition plan also aligns with the government’s policy to tighten state control over Indonesia’s mineral wealth, a principle enshrined in the recently-passed Coal and Mineral Mining Law. Legislators claimed that tighter control would improve accountability, but activists have lambasted the claim, pointing out that Indonesia’s natural resources industry has been rife with corruption.

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Posted By : Yogender Pancholi on Thu, 30 Jul 2020
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