New Adaro owners plan 40mt/yr empire

摘要

The new ownership structure of Adaro looks to have been settled. As predicted earlier by MCR, control seems to be in the hands of industrialist Teddy Rachmat. This, together with his other-company, the Padang Karunia Group, could see Rachmat control up to 40mt/yr of Indonesian production within three years. Pie entered the coal industry just five years ago when Pandaiig purchased the old Husnur consession in south Kalimantan. The PT Alam Tri Abadi consortium led by Rachmat gained a 41 percent stake in the Adaro mine through the purchase of Indonesia Coal from Australia's New Hope Corporation at the end of June. At that time control of Adaro lay with PT Dianlia, controlled by Edwin Soeryadjaya, which held 51 percent. Soeryadjaya was then also president director of Adaro. However, he was also part of the Alam consortium. The remaining 8 percent was in the hands of MEC, previously owned by Edison Mission.