Towards the end of 2017, PT Asmin Koalindo Tuhup (AKT), a subsidiary of PT Borneo Lumbung Energi & Metal Tbk (BORN) belonging to Samin Tan, filed a lawsuit against the Minister of Energy and Mineral Resources over the Ministry’s decision to terminate the coal mining concession agreement (PKP2B) between the two parties. In April 2018, the Jakarta State Administrative Court (PTUN Jakarta) ruled in favor of AKT and cancelled the disputed decision. The Ministry filed an appeal and earlier this month, the Panel of Appeals ruled in favor of the Ministry. The copy of the verdict was published on August 23, 2018.
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