Bumi Resources

PT Bumi Resources Tbk or Bumi Resources is one of the largest mining companies in Indonesia structured as a holding company.[3] It is reputedly the biggest thermal coal producer in Indonesia and is majority owned by the Bakrie Group.[4]

PT Bumi Resources Tbk.
Public
Traded asIDX: BUMI
ISINID1000068703 
IndustryMining
Founded1973
HeadquartersJakarta, Indonesia
Key people
Nalinkant A. Rathod (President Commissioner)[1], Saptari Hoedaja (President Director)[2]
ProductsCoal, CBM
Revenue Rp 83.6 billion (2016)
Rp 1.59 trillion (2016)
Total assets Rp 41.9 trillion (2016)
Total equity USD - 2,466 billion (2016)
Number of employees
242 (2016)
Websitewww.bumiresources.com

History

The company was initially established as PT Bumi Modern in 1973 and engaged in the hospitality and tourism industry. It conducted its initial public offering in 1990 and transformed its 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.

In 2013 the organisation was beset by a host of difficulties, including the discovery of US$201 million in financial irregularities, as well as regulatory problems.[5]

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. "Board of Commissioners". bumiresources.com. Retrieved 14 January 2020.
  2. "Board of Directors". bumiresources.com. Retrieved 14 January 2020.
  3. "Indonesia-Investments.com:Bumi Resources company profile". April 1, 2014.
  4. Latul, Janeman (October 9, 2012). "Bumi Resources talks to Indonesia group on coal stake sale-sources". Reuters. Retrieved 10 October 2012.
  5. Leftly, Mark (8 November 2013). "Bumi chief looks to 'a fresh start' as name change and Bakrie split near". London Evening Standard. p. 59.


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