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Friday, 03 April 15
TOBA BARA'S PANDU SJAHRIR ELECTED AS NEW CHAIRMAN OF THE INDONESIAN COAL MINING ASSOCIATION
Pandu SjahrirCOALspot.com: Pandu Sjahrir, the Vice President Director & CFO of the Jakarta-listed PT Toba Bara Sejahtra — a subsidiary of PT Toba Sejahtra, was elected as chairman of the Indonesian Coal Mining Association (APBI) replacing previous chairman Bob Kamandanu for the period 2015 – 2018.

The Indonesian Coal Mining Association (APBI) is seeking a bigger role in the rule-making process for the country’s coal industry, a new chief of coal has said.

According to the media, the newly elected chairman of the association, Pandu Sjahrir, said coal utilization, incentives, slowing investment and royalty payments would be the key issues that the association would address in the near future and also want to increase the investment in the mining industry instead of increasing production. According to Pandu Sjahrir, in the last few years, capital expenditure in mining has been declining not only due to plunging prices but also due to unfriendly policies that increased costs.

Jakarta-listed PT Toba Bara Sejahtra — a subsidiary of PT Toba Sejahtra founded by current presidential chief of staff General (Ret.) Luhut Panjaitan.

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