Harum Energy Pty Ltd

Harum Energy is a holding company with a portfolio of businesses in the coal, mineral and logistics sectors. It was established in 1995 under the name PT Asia Antrasit, which was later changed to PT Harum Energy in 2007, and has been listed on the Indonesia Stock Exchange since October 6, 2010. Harum Energy is engaged in holding company activities, investment activities, mining, trading, and industrial and management consultancy activities. Through its subsidiaries and associated entities, it operates a business portfolio of coal mining; nickel mining, processing and refining; and logistics. A vertically integrated production chain is one of Harum Energy's competitive advantages, allowing it to maintain operational efficiency and thrive in every commodity business cycle in both domestic and international markets. This is supported by the ownership of a transport road network, processing facilities, loading ports and a fleet of tugboats and barges. Since 2020, Harum Energy has been diversifying into nickel mining as well as nickel processing and refining, in line with the global energy transition. In 2020 it established PT Tanito Harum Nickel as a sub-holding entity for its nickel business portfolio, which is carried out through PT Tanito Harum Nickel's direct subsidiaries. The nickel business also benefits from the vertically integrated production chain and the relatively close proximity of the nickel mining concession to the processing and refining facilities.