Established in 1981, PT Resource Alam Indonesia Tbk was initially named PT Kurnia Kapuas Utama Glue Industri (KKGI) and was involved in the production of wood adhesives. In 1991, KKGI conducted an Initial Public Offering by issuing 4.5 million shares at an offering price of Rp5,700 per share. Since then, the Company’s shares have been traded under the stock code “KKGI”. In 2003, the Company changed its name to PT Resource Alam Indonesia Tbk and diversified into the coal mining industry.
Since 2006, the Company has operated 3 (three) mining locations in Simpang Pasir, Gunung Pinang, and Bayur from a total PKP2B concession area of 24,477 hectares. The total coal production of the Company’s subsidiaries reached 2.2 million MT in 2010 and increased by 91% to 4.2 million MT in 2012 and 2013, which brought the total coal production from 2006 to 2013 to 12.7 million MT.
Vision
To become an international-class Energy company with excellence in global competition that is environmentally friendly.
Mission
- To become one of the mining companies with the most efficient production costs.
- To have a spirit of togetherness in all solid work teams.
- To pay attention to business factors and real social responsibility and sustainable environmental management.
- To become a company with good governance and participate in building, advancing, and prospering the communities around the mine.
Corporate Strategy
To improve performance and achieve sustainable long-term growth, the Company and its Subsidiaries have established the following main strategies:
- Increasing efficiency and making the Company’s position as one of the coal producers with the lowest production costs.
- Increasing reserve reports with JORC standards in the IBP PKP2B area and other acquired concessions.
- Continuously improving the level of Good Corporate Governance of the Company.
- Continuously maintaining good mining practices and consistency in the implementation of CSR/Community Development and environmental management.
- Conducting strict selection of high-potential coal concessions for acquisition.