PT Bayan Resources Tbk operates three coal mining concessions in Kalimantan: Tabang, Pakar, and Mamahak. Since 2017, this company, with the stock code BYAN, has produced more than 20 million tons of coal annually.
Bayan Resources' coal production has significantly increased since 2015. In that year, production was recorded at 11.3 million tons. Production dropped to 9.7 million tons in 2016.
In 2017, coal production soared by 115% to 20.9 million tons. Production increased again to 28.9 million tons in 2018 and further to 31.9 million tons in 2019.
Bayan Resources' coal production decreased during the pandemic year, reaching 30.2 million tons in 2020. As of September 2021, coal production was recorded at 27.3 million tons, exceeding the 21.5 million tons recorded in September 2020.
Bayan Resources is owned by Low Tuck Kwong, a Singaporean businessman. In 2021, Low was ranked as the 18th richest person in Indonesia with a net worth of US$2.55 billion.