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Pt Adaro Energy, Tbk history
Pt Adaro Energy, Tbk company history timeline
With this increased focus on coal, in 1976 the Mines Department divided East and South Kalimantan into eight coal blocks and invited tenders for these blocks.
The first step in development of the coal deposit was to raise funds, and in May 1990 a number of banks were approached for project finance of US$28 million.
Construction of a two-million tonne per year crushing, stockpiling and barge loading system at Kelanis on the river began in March 1991.
The early days: The very first shipment of Envirocoal leaves Adaro Indonesia’s mine site in South Kalimantan in 1991.
After further coal testing, shipments were made in 1992 to a range of potential customers and with the completion of construction of the mine and infrastructure and the establishment of a customer base, Adaro was declared to be in commercial production on October 22, 1992.
Since those early days, the Tabalong mine has grown to be the southern hemisphere’s largest single-mine site, and production has grown from an initial 1 million tonnes in 1992, with some years recording extraordinary growth.
In 2006, for example, Adaro Indonesia increased production by more than 28% from the previous year to 34.4 million tonnes.
Despite the challenges of Covid-19 Pandemic, 2020’s total production stood at 54 million tonnes.
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