Bumi Resources

PT Bumi Resources Tbk ( BUMI short ) is listed on the Indonesia Stock Exchange Indonesian holding company that operates through several subsidiaries, mainly in mining. The vast majority of sales are made with the mining and sale of coal. Until 1998, BUMI was primarily active in the hotel and tourism sectors. The headquarters is located in Jakarta.

The company is one of the world's largest coal producer and was involved with a share of about eight percent of global trade in 2005.

With more than 10 percent Bakrie and Brothers, controlled by Aburizal Bakrie, the largest shareholder, a further 82 per cent are in free float (as of 31 December 2009).

History

The company was founded in 1973 under the name of Bumi Modern. The transition to the stock exchanges of Jakarka and Surabaya took place in 1990.

In 1997, the life insurer AJB Bumiputera sold with 58.51 per cent majority stake in Bakrie Capital Indonesia. On 13 August 1998, the shareholders decided at the AGM to get started in the business with fossil fuels, away from the hotel and tourism industry. A first step in 2000 was the acquisition of the company was founded on 17 December 1997 in Jersey Gallo Oil (Jersey ) Ltd. , Which seeks in Yemen for oil and natural gas deposits. By decision of the Indonesian Minister of Justice of the company was renamed in September in PT BUMI Resources Tbk.

In November 2001, BUMI took over 80 percent of the Founded in 1981, PT Arutmin Indonesia ( Arutmin ) for 148.5 million U.S. dollars from the BHP Minerals Exploration Inc., BHP Billiton is one. The company was owned by the then world's fourth sizes coal producers with the four open pit mines Senakin, Satui, Asam - asam and Batulicin in Kalimantan Selatan on Borneo. In April 2004, an additional 19.9 percent were bought at Arutmin of PT Ekakarsa Yasakarya Indonesia.

The full takeover of the company PT Kaltim Prima Coal (KPC ) of BP and Rio Tinto Group in October 2003, with two mines Sangatta and Bengalon, BUMI made ​​to the nation's largest producer of coal. By December 2005, the shares were increased in KPC to 95 percent. Also in 2005, BUMI bought 80 percent stake in PT Gorontalo Minerals BHP Minerals, and 100 percent of PT Citra Palu Minerals Newcrest Mining.

In the summer of 2006 fail the planned sale of the coal business for 3.2 billion U.S. dollars to the Indonesian investment bank PT Renaissance Capital. A Fusion Energi Mega Persada PT, which also belongs to the network of companies of Bakrie and in the area of ​​oil and gas works, was canceled in the fall. The Indian company Tata Power bought in June 2007 of 30 percent of the shares of Arutmin and KPC for 1.1 billion U.S. dollars, thus securing access to coal in Indonesia.

For 552 million Australian dollars BUMI bought in the summer of 2008, the Australian Herald Resources Ltd, which promotes zinc, lead and gold in North Sumatra.

Divisions (as of 2009 )

  • PT Arutmin Indonesia ( Arutmin )
  • PT Kaltim Prima Coal (KPC )
  • PT Fajar Bumi Sakti ( Tenggarong, Kalimantan Timur )
  • PT Energi Pendopo Batubara ( Muara Enim, Sumatera Selatan )
  • Bumi Mauritania S. A. ( Iron ore in Mauritania)
  • Gallo Oil (Jersey ) Ltd ( oil in Yemen )
  • PT Gorontalo Minerals (gold, copper in kabupaten Bone Bolango, Gorontalo )
  • PT Citra Palu Minerals ( gold in Palu, Sulawesi Tengah )
  • Herald Resources Ltd. (Lead, gold, zinc and tin in North Sumatra)

Competitors

  • BHP Billiton Limited
  • PT Indocement Tunggal Tbk Prakarsa
  • Rio Tinto Limited
Types of business entity International Securities Identification Number Surface mining
152880
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