indonesiabrief.com/ –PT Trimata Benua exits court-led debt restructuring, resets coal business strategy
After months in court-supervised negotiations, PT Trimata Benua has formally emerged from a debt restructuring process, marking a critical step in stabilizing its finances and resetting its coal mining operations.
The coal concession holder in Bentayan, South Sumatra, secured court approval — known as homologation — for its peace agreement with creditors in Case No. 133/Pdt.Sus-PKPU/2025/PN Niaga Jakarta Pusat.
The ruling effectively ends the company’s Penundaan Kewajiban Pembayaran Utang (PKPU), Indonesia’s court-led debt moratorium mechanism, and shields the firm from bankruptcy proceedings.
The decision was far from symbolic. More than 99 percent of the voting creditors present — 25 out of 27 listed in the final creditors’ register — approved the restructuring proposal during the creditors’ meeting.
The strongest backing came from the company’s three majority creditors, all of which also serve as its exclusive contractors, with combined claims totaling Rp 1.15 trillion.
They are PT Trans Energy Indonesia with Rp 575.34 billion in claims, PT Global Makara Teknik with Rp 423.40 billion, and PT Ombilin Fusi Nusantara with Rp 151.24 billion.
Management described the homologation as a cornerstone of Trimata Benua’s financial restructuring and a safeguard against insolvency risks.
The company has committed to fulfilling all obligations stipulated in the settlement, with debt repayments scheduled to begin no later than four months after the court approval.
Behind the ruling, the company said, lay months of quiet consolidation among stakeholders. Trimata Benua, a subsidiary of PT Nusantara Energi Indonesia, said it would now focus on restoring operational performance, evaluating internal systems and strengthening corporate governance.
The stated goal is to reposition the firm as a sustainable, Good Corporate Governance–based mining company.
Operationally, the three exclusive contractors will continue to play central roles. Global Makara Teknik handles overburden stripping and hauling, Ombilin Fusi Nusantara manages coal transportation as well as jetty and stockpile operations, while Trans Energy Indonesia oversees coal logistics from the loading port to discharge ports.
The mining infrastructure developed under this arrangement aligns with the Work Plan approved by the Ministry of Energy and Mineral Resources.
Established in 1996 and fully operational since 2021 as a holder of a production operation mining permit (IUP-OP), Trimata Benua serves both domestic and export markets, with China and India as its primary overseas destinations.
The company has also reiterated its commitment to fiscal obligations, including taxes and non-tax state revenues.
Its current shareholding structure consists of PT Nusantara Energi Indonesia (45 percent), PT Bahtera Mulia Kencana (10.71 percent), Subagio Wirjoatmodjo (25 percent) and Sukoraharjo Wirdjoatmojo (19.29 percent).
With the PKPU chapter now closed, Trimata Benua is opening a new page. Management has even floated a medium-term ambition to pursue an initial public offering (IPO), transforming the company into a publicly listed entity.
For Trimata Benua, the court-approved settlement is not an end point, but a starting line — a chance to catch its breath and recalibrate its business in a coal industry that remains anything but stable.
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