September 20, 2014 10:46 PM ET

Metals and Mining

Company Overview of PT Asmin Koalindo Tuhup

Company Overview

PT Asmin Koalindo Tuhup produces hard coking coal in Indonesia. The company was formerly known as PT Swabara Guna and changed its name to PT Asmin Koalindo Tuhup in February 1998. The company was founded in 1992 and is based in Jakarta, Indonesia. As of December 2009, PT Asmin Koalindo Tuhup operates as a subsidiary of PT Borneo Lumbung Energi & Metal Tbk.

Menara Merdeka

Jl. Budi Kemulian I No. 2

Jakarta,  10110


Founded in 1992


62 21 2957 3737


62 21 2957 3777

Key Executives for PT Asmin Koalindo Tuhup

President Director
Age: 54
Operations Director
Age: 68
Compensation as of Fiscal Year 2014.

PT Asmin Koalindo Tuhup Key Developments

Borneo Lumbung To Sell Stake In AKT

PT Borneo Lumbung Energi & Metal Tbk intends to sell 10% - 20% stake in PT Asmin Koalindo Tuhup (AKT) to pay off a $1 billion debt installment to Standard Chartered Bank. Alexander Ramlie, President Director of Borneo Lumbung, said the company intends to pay off its debts on time to lower interest cost. Alexander said, "We might also use the divestment proceeds to expand and invest. We expect the AKT’s stake hold sales to be completed by 2012-end." Alexander also added that five investors have expressed interests to buy AKT’s shares without disclosing their names.

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