TOP ACTIVE SHARE: Toba Bara Sejahtra Heats The Market As It Soars 200 Points

JAKARTA: PT Toba Bara Sejahtra Tbk’s shares, the newly listed company in Indonesia Stock Exchange, jumped 200 points or 10.53% to IDR2,100 from the initial price of IDR1,900.

In today’s market data (6/7/2012) showed that Toba Bara Sejahtra (TOBA-coded stock) moved between the range of IDR1,920 –IDR2,200.

The share price of the company which led by Justarina Naiborhu formed market capitalization of IDR4.22 trillion.

Toba Bara Sejatra is a low-cost producer of thermal coal in Indonesia which controlled under the group of Toba Sejahtra owned by Indonesia former trade minister. Toba Bara has grown into a major coal producer operating three coal mine concessions in East Kalimantan, began with PT Indomining in 2007 followed by PT Adimitra Baratama Nusantara (ABN) site in 2008. Subsequently, the development of PT Trisensa Mineral Utama (TMU) site commenced in 2011. PT Adimitra Baratama Nusantara (ABN), is located in Kutai Kartanegara, East Kalimantan, Indonesia. ABN is a majority-owned subsidiary of Toba Bara. PT Indomining a subsidiary company of PT Toba Bumi Energi, which is a majority controlled by Toba Bara. Indomining concession is located in Sanga-Sanga, Kutai Kartanega. (T03/TW)

source: Bisnis Indonesia