Adaro Capital was established to leverage the Group's large resources and networks to capture profitable investment opportunities that will generate significant shareholder returns. Through its subsidiary companies, Adaro Capital has paved the way to become one of the Group's profit centers by participating in several business transactions and is developing to play a bigger role in the Group by continuously looking for profit potentials in the real and financial sectors. Adaro Capital is supported by several subsidiaries based abroad, such as Arindo Holdings (Mauritius) Limited, Vindoor Investments (Mauritius) Limited, Adaro International (Singapore) Pte. Ltd and Adaro Capital Limited.
Arindo Holdings (Mauritius) Limited (“Arindo”)
Arindo is a public company founded on March 28th, 2005 in Mauritius. On December 15th, 2017, Arindo was listed as a public company on the Stock Exchange of Mauritius (SEM). Arindo acts as an investment holding company and through its subsidiary, AIS, Arindo actively carries out thermal and metallurgical coal trading businesses as well as providing marketing agent services for the Group. Arindo will continue to seize the opportunities offered by the growing energy sector in Asia Pacific by utilizing support from companies within the Group and its integrated business model.
Vindoor Investments (Mauritius) Limited (“Vindoor”)
Vindoor is a subsidiary of Arindo founded in Mauritius on October 9th, 2000 with investment as its main business activity. Vindoor owns 100% stake in AIS and indirectly owns ACL.
Adaro International (Singapore) Pte. Ltd. (“AIS”)
AIS is a subsidiary of Vindoor in Singapore with main activities as a coal trader and marketing agent. By providing agency services, AIS plays a strategic role by giving the Group the access to international marketing networks and monitoring global and regional trends in coal production, supply, demand and prices.
AIS strives to expand its network in the global coal market, especially in the global metallurgical coal market, and utilizes its strategic location to support the Group's market outreach.
In addition to serving the companies within the Group as its main clients, AIS strives to expand its reach in the global coal market, especially in the metallurgical coal segment. Even though coal prices weakened in 2023, AIS was still able to utilize its strategic location to support the Group’s expansion efforts.
Adaro Capital Limited (“ACL”)
ACL was founded in Malaysia and is a company within Adaro Capital established to become the Group's treasury center for investment in financial instruments, as well as coal and other minerals in order to generate maximum value for the shareholders.
In 2018, ACL together with EMR Capital, a private equity manager specializing in mining, carried out a large transaction which resulted in the acquisition of 80% ownership of the Kestrel coal mine located in the Bowen Basin, Queensland, Australia, one of the world’s premium metallurgical coal regions (“Kestrel Mine”), from Rio Tinto. Following the acquisition, through Kestrel Coal Resources Pty Ltd (“KCR”), ACL indirectly owns 48% of Kestrel Mine, while EMR Capital indirectly owns the remaining 52%. The acquisition of Kestrel Mine is a milestone in the strategic expansion of the Group's metallurgical coal portfolio, which will strengthen its position in the metallurgical coal market and support the group's long-term growth.