Danantara’s Role Strengthens in SOE Restructuring as Antam and PTBA Regain Persero Status
Jakarta – The role of Danantara Indonesia (Daya Anagata Nusantara Investment Management Agency) is strengthening in the restructuring process of State-Owned Enterprises (SOEs), following the restoration of Persero status to PT Aneka Tambang Tbk and PT Bukit Asam Tbk. The change was made as an adjustment to Law No. 16 of 2025 on SOEs and has been emphasized as having no impact on the operations or financial performance of the two mining companies.
Danantara Chief Operating Officer (COO) Dony Oskaria explained that the move is mandated by the latest regulation governing state share ownership in SOEs.
“If we look at the new SOE Law, it stipulates a 1 percent state shareholding requirement for major companies. Therefore, their status becomes SOEs,” Dony said.
According to Dony, the adjustment relates to the regulation of the special rights attached to the Series A Dwiwarna shares held by the state through the SOE Regulatory Agency (BP BUMN). Despite regaining Persero status, PT Aneka Tambang Tbk and PT Bukit Asam Tbk remain under the mining holding company MIND ID.
“They remain under MIND ID,” he affirmed.
He also denied any connection between the status change and the establishment of PT Perusahaan Mineral Nasional (Persero), or Perminas.
“There is absolutely no relation to Perminas. This is purely due to provisions in the law. So there is no connection,” he stated.
Meanwhile, Antam Corporate Secretary Division Head Wisnu Danandi Haryanto said the company’s name change was a regulatory adjustment.
“Effective February 13, 2026, the company’s official name has changed to Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk, abbreviated as PT ANTAM (Persero) Tbk,” he said.
A similar statement was delivered by PTBA Corporate Secretary Division Head Eko Prayitno.
“After obtaining approval from the Minister of Law of the Republic of Indonesia, effective February 13, 2026, the company’s name officially became Perusahaan Perseroan (Persero) PT Bukit Asam Tbk, abbreviated as PT Bukit Asam (Persero) Tbk,” he explained.
Based on disclosures submitted to the Indonesia Stock Exchange on February 18, 2026, the amendment to the articles of association officially took effect on January 13, 2026. MIND ID remains the controlling shareholder, holding 65 percent of Antam and 65.93 percent of PTBA shares. Management has assured that the change does not affect business activities, financial conditions, or the sustainability of company operations.