RKAB Revisions Approved for Three Bayan (BYAN) Subsidiaries, Adding 15–20 Million Tonnes to Quota
Mon 21 Sep 2026, 09:20 AM
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The Ministry of Energy and Mineral Resources (ESDM) has weighed in on the certainty of approval for amendments to the 2026 Work Plan and Budget (RKAB) submitted by several subsidiaries of PT Bayan Resources Tbk. (BYAN).
Director General of Minerals and Coal at the Ministry of Energy and Mineral Resources Tri Winarno confirmed that the revised RKABs for three BYAN subsidiaries had been approved. The three companies are PT Tiwa Abadi, PT Tanur Jaya, and PT Fajar Sakti Prima.
Tri said the additional coal production quota for the three subsidiaries was in the range of 15 million tons.
“The figure is around 15–20 million tons in total for the three companies,” he said when met in Jakarta on Monday (21/9/2026).
He added that among the companies that had submitted RKAB applications, the three BYAN subsidiaries had confirmed that they had fulfilled all the documentation requirements stipulated by the regulator.
“Bayan actually has many [companies]. Previously, there were three that had not [received approval]. Actually, there was no sensitive issue, but then people kept linking it to the purchase of shares and so on,” he said.
Tri also rejected the notion that the approval of the revised RKABs was related to developments in the company's corporate actions.
He explained that the mining operational licensing process was independent and that there was no intervention related to issues surrounding changes or transfers of share ownership.
“Changes in share ownership require the minister's approval. So if it is only an initial agreement, that's fine. But a change in share ownership is only legally valid once it has received the minister's approval,” he stressed.
Previously, Bayan declared force majeure as it was unable to meet the requirements of contracted customers. This was related to the coal production permits that had not yet been granted by the government.
Citing an information disclosure, BYAN management explained that its subsidiaries PT Tiwa Abadi, PT Tanur Jaya, and PT Fajar Sakti Prima had issued force majeure notices regarding their obligations to supply coal under coal supply agreements with customers.
The situation occurred because approval for the amendments to the 2026 RKAB had not yet been issued to the three BYAN subsidiaries. Management said applications for approval of the RKAB amendments had been submitted in accordance with applicable laws and regulations.
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