ITM acquired 100% shares of PT Sentral Mutiara Energy (SME) and 75% shares of PT Graha Panca Karsa through its subsidiary, SME
The final acquisition of the remaining shares of PT Tepian Indah Sukses by 30% to become 100%
Completing 3MW Solar Hybrid Plant in Bontang, to supply electricity for IMM operation
ITM acquired PT Nusa Persada Resources with 100% ownership and PT Energi Batubara Resources with 100% ownership
ITM acquired PT Tepian Indah Sukses with 70% ownership and through its subsidiary, PT ITM Indonesia, acquired PT Gasemas with 75% ownership
ITM established a subsidiary, PT ITM Banpu Power, with 70% ownership
ITM established a subsidiary, PT ITM Energi Utama, with 99.99% ownership and PT ITM Batubara Utama, with 100% ownership
ITM established subsidiaries, PT ITM Indonesia and PT Tambang Raya Usaha Tama, with 100% ownership
Banpu Minerals (Singapore) Pte ltd disposed 8.72% of its shares to the public, retaining ownership of 65.00% with the remainder held by public and other individuals at less than 5% each
PT Centralink Wisesa International transferred its 73.72% ownership of the Company to Banpu Minerals (Singapore) Pte. Ltd. and the public portion was increased from 20% to 26.28%
ITM took over PT Jorong Barutama Greston and the minority share of PT Trubaindo Coal Mining.
After almost a year of preparations, the Initial Public Offering of ITM finally came to realization. 225,985,000 new shares equivalent to 20% of the total issued share were offered to public at Rp 14,000 per share.
On the listing day December 18, 2007, at the Indonesia Stock Exchange, ITM shares trading was closed at Rp 19,600, it was equivalent to a 40% premium from the initial offering price.
PT Trubaindo Coal Mining commenced its production stage.
ITM acquired PT Bharinto Ekatama concession.
ITM took over the minority shares in PT Indominco Mandiri and settled the offshore loan.
Banpu through PT Centralink Wisesa International acquired ITM and its subsidiaries.
PT Indominco Mandiri started shipment through its permanent facility.
First bulk shipment from PT Indominco Mandiri interim facility.
Pre-production of PT Indominco Mandiri.
Establishment of ITM.