In less than three decades, the Jakarta-based firm Adaro Energy has grown into one of the largest producers of thermal coal in the country and in the region. By end-2017, it posted a 45% spike in net profits to reach more than $480 million, surpassing net profits registered by Indonesia's largest coal producer. The following year, it reported revenues amounting to $3.6 billion, and together with a private equity firm, also acquired coal assets of the Australian mining giant Rio Tinto for $2.25 billion.2 It has since acquired 80% of Rio Tinto’s interest in the Kestrel mine in Central Queensland, Australia.
Adaro Energy currently and its subsidiaries currently cover a whole range of coal mining activities that include exploration, drilling, transport and maintenance.
Calling for the funding for public services and the stopping of tax incentives and dodging, an Asian civil society alliance unites with the world’s largest labor, faith and other organizations today in celebration of World Public Services Day.
JSAPMDD strongly condemns the violent dispersal by Sri Lanka's military of the peaceful demonstrators fighting for clean and safe water in the village of Weliveriya just outside Colombo last August 1.