ICN News – The company was establi-shed in October 1990 with the authorized capital of Rp 500,000,000 of which Rp 100,000,000 was issued and fully paid up. The founding shareholders of the company are Mr. Henry Angkasa, Mr. Ir. A. Tossin Suharya and Mr. Achmad Sanusi.
In March 1995 the authorized capital of the company was raised to Rp 3,500,000,000 of which Rp 700,000,000 was issued and fully paid up. In April 2008 through the articles of association of the company made by Mr. Muslim, SH, the company changed its shareholders in which the shareholders of the company were Mr. Henry Angkasa, Mr. Ir. Tossin Suharya and his son Mr. Stephen Ignatius Suharya.
After passing various long processes, finally in November 2012 BSSR succeeded in performing Initial Public Offering (IPO) by releasing 10% or 261.55 million sheets of shares and collected a fund of Rp 509.92 billion.
During the offering, IPO BSSR experienced oversubscriber more than once. CIMB Securities acted as the lead underwriter. Based on information received by ICN NEWS that there were three foreign companies buying up all shares of BSSR. They are Khopoli Investment Limited, a subsidiary company of TATA Power, Idemitsu Kosan Co Ltd and Trafigura.
For more details, please see the profile below:
Headquarters address: Grha Baramulti, 3rd floor, Jl. Suryopranoto No. 2, Harmoni Plaza Complex Block A-8, Central Jakarta; Phone: (62-21) 6385 3228 / 6385 1134; Fax: (62-21) 6386 4106.
The Baramulti Group is engaged in coal trading and distribution, coal mining, and investment holding.
Shareholders include PT Wahana Sentosa Cemerlang, Tata Power International Pte. Ltd., GS Energy Corporation, PT GS Global Resources, and Public.
Baramulti Group’s total assets over the past five years were USD 691.37 million in 2021, USD 1,029.01 million in 2022, USD 1,134.34 million in 2023, USD 947.77 million in 2024, and USD 703.77 million.
BSSR is a leading coal company in Indonesia with a mining area of 2,459.8 hectares located in Loa Janan, Kutai Kartanegara Regency, East Kalimantan. Meanwhile, its subsidiary, PT Antang Gunung Meratus (AGM), manages 22,433 hectares of coal mining concessions in Hulu Sungai Selatan Regency, South Kalimantan.
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This article can be found in the April–May 2026 issue of ICN News Magazine.
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