Started out its business as wood panel producer, PT Cipta Panelutama Tbk has transformed itself into a mining┬ácompany┬áproducing bauxite which recorded ten fold revenue last year. Cipta Panel’s subsidiary PT Harta Prima Abadi Mineral (HPAM) contributed 95% to the parent company’s 2006 revenue. Major shareholders also have significant shares in two coal mining concessions that already in operation.

To subscribe please click here