Bumi Resources

PT Bumi Resources Tbk.

Type	Public IDX: BUMI
Founded	1973
Headquarters	Jakarta, Indonesia
Key people	Kusumo A. Martoredjo, President Commissioner Saptari Hoedaja, President Director
Revenue	US$ 3.5 billion (2014)
Number of employees	35,000 (2014)
Website	www.bumiresources.com

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.

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.
Gallo Oil (Jersey) Ltd.: operates two oil and gas exploration concessions in the Republic of Yemen.

References

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

External links

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