Company History:
The Founder Dato’ Low Tuck Kwong started his business in Indonesia in 1973 when he established a construction company specializing in general civil works, earth works and marine construction. The company’s extensive experience and knowledge in civil engineering enable it to venture into contract coal mining in 1988. Following that in November 1997, Dato’ Low acquired his first mining concession through PT. Gunungbayan Pratamacoal, and PT Dermaga Perkasapratama that owns and operates Balikpapan Coal Terminal in 1998. Since then, a number of new concessions have been acquired and formalised into a legal holding structure through PT Bayan Resources. Since 2001, the Bayan Group on average has added one new concession to its portfolio each year. The Bayan Group continous to evaluate new coal opportunities in Indonesia and intends to make additional acquisitions where there is strategic benefit.
The Bayan Group, through various companies, has exclusive rights to mine under five Coal Contracts of Works (CCOWs) and three Kuasa Pertambangan’s (KPs) awarded by the Government of Indonesia over a total concession area of 81,265 Ha, The Bayan
Group coal resources and reserves have been independently verified and certified to international JORC standards by a third-party mining consultant .
Vision and Mission
VISION
To be a highly respected coal mining company committed to delivering sustainable growth, premium products and high quality service in the long term whilst minimizing any environmental impact.
MISSION
• To optimize shareholders value by achieving exemplary performance through all our operations.
• To maximize core competencies by exercising best business practice
• To advocate Corporate Social Responsibility with emphasis on employee welfare, high standards of health and safety, sustainable environmental and community development.
CORPORATE STRATEGY
Sustainable Growth
• Capitalize on existing coal reserves and infrastructure to deliver sustainable growth in production levels
• Improve current portfolio of high quality assets through strategic acquisitions of coal reserves
• Cultivate close working relationship with contractors to improve productivity and efficiency of operations
Effective Business Actions
• Invest in the development of the human resources of the group to maintain and improve the independence and professionalism of the management team to realise higher level of productivity.
• Establish Strategic Alliances with Customers by maintaining high quality product and services
• Exercise cost effective measures and implement value added deliverables
• Practice good corporate governance
Responsible Social Conduct
• Clear commitment to improve the condition of the workforce through training programs, incentive schemes and benefits.
• Enforce strict adherence to health and safety practices and promote “Zero Accident” practice
• Adopt best practice standards to achieve a sustainable environment
• Foster Community Development through various social programs which will augment the economic prosperity of the community.
Contact:
PT. Bayan Resources, Tbk
Address:
GRAHA IRAMA BUILDING 12 th floor Jl. HR. Rasuna Said Blok X-1 Kav 1 & 2
Jakarta Selatan
12950
Indonesia
