Bumi Resources

PT Bumi Resources Tbk.
Public
Traded as IDX: BUMI
Industry Mining
Founded 1973
Headquarters Jakarta, Indonesia
Key people
 Kusumo A. Martoredjo President Commissioner, Saptari Hoedaja President Director
Products Coal, CBM
Revenue Increase Rp 83.6 billion (2016)
Increase Rp 1.59 trillion (2016)
Total assets Increase Rp 41.9 trillion (2016)
Total equity Decrease USD - 2,466 billion (2016)
Number of employees
 242 (2016)
Website www.bumiresources.com

PT Bumi Resources Tbk or Bumi Resources is one of the largest mining companies in Indonesia structured as a holding company.[1] It is reputedly the biggest thermal coal producer in Indonesia and is majority owned by the Bakrie Group.[2]

History

The company was initially established by the name of PT Bumi Modern in 1973 and engaged in the hospitality and tourism industry. It conducted its initial public offering in 1990 and transformed its core business from hospitality and tourism to oil, natural gas, and mining in 1998. The company changed its name to PT Bumi Resources Tbk in 2000. This company have 2.7 billion tons of coal reserves. Not only that, Bumi Resources still has enormous resources in total reaching 12.6 billion tons.

Subsidiaries

  • PT Kaltim Prima Coal (KPC): operates approximately 90,000 hectares of coal mining concessions in East Kalimantan province.
  • PT Arutmin Indonesia: operates approximately 70,000 hectares of coal mining concessions in South Kalimantan.
  • PT Fajar Bumi Sakti: manages a total concession area of 8,250.5 hectares in East Kalimantan.
  • PT Pendopo Energi Batubara: owns a concession area of 17,840 hectares in South Sumatera.
  • PT Bumi Resources Minerals Tbk: operates other (non-coal) mining assets.
  • Kalimantan Coal Limited.
  • Bumi Investment Pte. Ltd.
  • Herald Resources Pty. Ltd.
  • Bumi Capital Pte. Ltd.
  • Indocoal Resources (Cayman) Ltd.
  • PT Kaltim Prima Cbm .
  • PT Pendopo Energi Nusantara.
  • PT Bumi Resources Investment.
  • PT MBH Minera Resources.
  • PT Bumi Resources Minerals.
  • Calipso Investment Pte. Ltd.
  • Forerunner International Pte. Ltd.
  • Enercorp Ltd.
  • Knightley Business Resources Pte. Ltd.
  • Sangatta Holdings Limited.
  • Bumi Holdings Sas.
  • PT Manaor Sihotang
  • PT Mitra Bisnis Harvest.
  • PT Sitrade Coal.
  • PT Seamgas Indonesia.
  • PT Cipta Prima Sejati.
  • PT Arutmin CBM.
  • PT Indocoal Kalsel Resources.
  • Enercoal Resources Pte. Ltd.
  • Zurich Assets International, Ltd.
  • PT Lumbung Capital.
  • PT IndoCoal Kaltim Resources.
  • PT Buana minera Harvest.
  • Bumi Netherlands B.V.
  • PT MBH mining Resource.
  • PT Arutmin Indonesia.
  • IndoCoal KPC Resources (Cayman) Limited.
  • PT Alphard Resources.
  • Bumi Mauritania Sa.

References

  1. ↑ "Indonesia-Investments.com:Bumi Resources company profile". April 1, 2014.
  2. ↑ Latul, Janeman (October 9, 2012). "Bumi Resources talks to Indonesia group on coal stake sale-sources". Reuters. Retrieved 10 October 2012.


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