ITM HISTORY

2020

ITM acquired 100% shares of PT Sentral Mutiara Energy (SME) and 75% shares of PT Graha Panca Karsa through its subsidiary, SME

2019

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

2018

ITM acquired PT Nusa Persada Resources with 100% ownership and PT Energi Batubara Resources with 100% ownership

2017

ITM acquired PT Tepian Indah Sukses with 70% ownership and  through its subsidiary, PT ITM Indonesia, acquired PT Gasemas with 75% ownership

2016

ITM established a subsidiary, PT ITM Banpu Power, with 70% ownership

2015

ITM established a subsidiary, PT ITM Energi Utama, with 99.99% ownership and PT ITM Batubara Utama, with 100% ownership

2014

ITM established subsidiaries, PT ITM Indonesia and PT Tambang Raya Usaha Tama, with 100% ownership

2010

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

2008

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%

2007

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.

2005

PT Trubaindo Coal Mining commenced its production stage.

2004

ITM acquired PT Bharinto Ekatama concession.

2003

ITM took over the minority shares in PT Indominco Mandiri and settled the offshore loan.

2001

Banpu through PT Centralink Wisesa International acquired ITM and its subsidiaries.

1997

PT Indominco Mandiri started shipment through its permanent facility.

1996

First bulk shipment from PT Indominco Mandiri interim facility.

1995

Pre-production of PT Indominco Mandiri.

1987

Establishment of ITM.