Skip to content
Back to announcement

20250221_BHIT_Laporan Informasi dan Fakta Material_31864208_lamp2.pdf

Other Text extracted BHIT

Source file signed link, expires in 15 minutes

This browser can't display the PDF inline. Open it in a new tab.

Extracted text 3

Page 1
Jakarta, February 21, 2025 – PT MNC Energy Investments Tbk (IDX: IATA or the Company) has officially
obtained an effective statement from The Financial Services Authority (OJK) on February 20, 2025, to
proceed its Limited Public Offering III with a Rights Issue (HMETD) mechanism. Through this corporate
action, IATA will issue up to 20,190,596,389 Series B shares, representing 44.44% of the total paid-up capital
after the rights issue, with a distribution ratio of 5:4 (five existing shares entitle the holder to receive four
HMETD), where every 1 (one) HMETD gives the holder the right to buy 1 (one) new share, which must be fully
paid upon subscription.

With an execution price of Rp63 per share, IATA eyes fresh funds of up to Rp1.27 trillion. The entire
proceeds, after deducting relevant issuance costs, will be allocated as working capital, including for coal
trading activities.


 Rights Issue Timeline




 Coal Market Outlook

The Company is confident that coal demand will remain robust throughout 2025, supported by stable
market needs and operational efficiency strategies, despite challenges such as price volatility, rising fuel
costs, royalty rates, new regulations on Export Proceeds (DHE), and other operational expenses.

Coal continues to be a cost-effective energy source and a key fuel for power generation in major economies
such as China and India. The International Energy Agency (IEA) forecasts that global coal demand will reach
8,801 million tons in 2025, marking a 0.34% increase from 2024. China, the world’s largest coal consumer, is
expected to account for 4,940 million tons (56%), while India, the second-largest consumer, is projected to
consume 1,363 million tons (15%).




PT MNC Energy Investments Tbk
Page 2
In Indonesia, coal continues to play a pivotal role in the national energy landscape, particularly in supporting
electricity demand, where 67% of the country’s power plants still rely on coal. The Ministry of Energy and
Mineral Resources (ESDM) has set a coal production target of 735 million tons for 2025, an increase from
710 million tons in 2024. Of the 2025 target, approximately 240 million tons are allocated for domestic
consumption, while 495 million tons are designated for export markets.


In 2024, exports contributed 66.8% of IATA’s total        expected to significantly drive IATA’s business
coal sales, with India ranking first at 35.5%, followed   growth.
by China at 20.3%, Vietnam at 10%, and other
                                                          Based on the report from the Indonesian Joint
countries at 1%.
                                                          Committee for Mineral Reserves (KCMI), IATA
Managing 6 IUP-Production Operations in Musi              currently has proven coal reserves of 294.2 million
Banyuasin, South Sumatra, IATA is aggressively            MT. This figure is derived from only around 15% of
ramping up production to meet soaring coal                the Company’s total mining concession area,
demand while continuing to explore additional             spanning 51,982 Ha. IATA believes that coal reserves
proven reserves. In 2025, the Company will                will keep increasing as the exploration process
maximize output from the IUPs owned by PT Putra           shows additional proven reserves, at least as much
Muba Coal (PMC), PT Indonesia Batu Prima Energi           as 600 million MT for all IUPs.
(IBPE), and PT Arthaco Prima Energy (APE), which is




PT MNC Energy Investments Tbk
Page 3
  For further information, please contact:                           PT MNC Energy Investments Tbk
    Gladys Levina                                                    MNC Tower, 22/F Floor, MNC Center
    gladys.levina@mncgroup.com                                       Jl. Kebon Sirih No. 17-19, Menteng
    office.iata@mncgroup.com                                         Central Jakarta 10340, Indonesia
                                                                     Phone: +62-21 391 2935
                                                                     www.mncenergy.com



DISCLAIMER
By accepting this Press Release, you agree to be bound by the restrictions set out below. Any failure to comply with
these restrictions may constitute a violation of applicable securities laws.

The information and opinions contained in this Press Release have not been independently verified, and no
representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness,
accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to
provide, and you may not rely on this Press Release as providing, a complete or comprehensive analysis of the
condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of The
Company or its subsidiaries. The information and opinions contained in this Press Release are provided as at the date
of this presentation and are subject to change without notice. Neither The Company (including any of its affiliates,
advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or
representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or
completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss
howsoever arising from any use of this Press Release.

In addition, the information contained in this Press Release contains projections and forward-looking statements that
reflect The Company's current views with respect to future events and financial performance. These views are based on
a number of estimates and current assumptions which are subject to business, economic and competitive
uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside
the control of The Company and its directors. No assurance can be given that future events will occur, that projections
will be achieved, or that The Company's assumptions are correct. Actual results may differ materially from those
forecasts and projected.


This Press Release is not and does not constitute or form part of any offer, invitation or recommendation to purchase
or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any
contract, commitment or investment decision in relation thereto.




PT MNC Energy Investments Tbk

File

File Open PDF
Source IDX
Size0.65 MB
Published21 Feb 2025
Pages3
Characters6,558
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 6 people and organisations named in the text · linked when the evidence is strong

linked org MNC Energy Investments Tbk p.1 ×14
unresolved org Financial Services Authority p.1
unresolved org Ministry of Energy p.2
unresolved org PT Putra p.2
unresolved org PT Indonesia Batu Prima Energi p.2
unresolved org PT Arthaco Prima Energy p.2

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

No extraction attempted yet.

↑↓ select ↵ open ⇧↵ see every result