Bayan appoints new commissioner

By Thomas Sembiring

Shareholders of IDX-listed coal mining firm PT Bayan Resources Tbk appointed Mauro Montenoro as a new member of the company?s board of commissioners during an extraordinary shareholders meeting on Tuesday.

Montenoro replaces Ridha DM Wirakusumah who has tendered resignation from the board earlier. Bayan said that Montenoro is a representative of one of the company?s shareholders.

The Bayan Group is engaged in open cut mining of various coal quality from mines located primarily in East and South Kalimantan. Being an integrated coal producer in Indonesia the Bayan Group through its various mines, produces coal ranging from semi-soft coking coal to environmentally-friendly low sulphur, sub-bituminous coal.

Editing by Reiner Simanjuntak