Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) aims to dispose up to 20% stake in non-coal mining company PT Bumi Resources Minerals Tbk (BRMS) to strategic investors. The shares sale will be used by Bumi to put down its debt, particularly to its largest lender China Investment Corporation (CIC) and other creditors. Bumi Read more
One of nickel miners PT Vale Indonesia Tbk (INCO) on Friday has appointed Ricardo Rodrigues de Carvalho as the president commissioner of the company, replacing Peter Poppinga, while Poppinga remains as a member of the board of commissioner of the company. The shareholders of the Company also accepted the resignation of Tito B. Martins as Read more
PT Bumi Resources Minerals Tbk (BRMS), a non-coal subsidiary of coal miner PT Bumi Resources Tbk (BUMI), reported a 96.82% jump in net profit for the first half of this year. In a press statement today, the profit jump was mainly driven by the favorable realized commodity prices and the reduced interest and financing charges. Read more
Two sources close to the deal said Antam had invited 26 foreign and local investment banks. “Antam seeks a structured financing to develop Halmahera project with an estimated cost of US$1 billion and US$600 million for the power plant to be set up by PLN,” the source said. As mentioned at the proposal, Antam comes Read more
The project is set to have a total capacity of 27,000 tons of nickel in ferronickel. The project and the power plant’s total cost is estimated to reach US$1.6 billion. Two sources close to the deal said Antam had invited 26 foreign and local investment banks. “Antam seeks a structured financing to develop Halmahera project Read more
Two sources close to the deal said Antam and help by its financial advisor PT Danareksa Sekuritas has come out with a request for proposal sent to about 27 investment banks. Read more
PT Multi Daerah Bersaing (MDB), a subsidiary of PT Bumi Resources Minerals Tbk (BRMS), today obtained US$54 million dividend from gold miner PT Newmont Nusa Tenggara (NTT). Investor Relations BRMS Herwin Hidayat stated in the press release that Multi Daerah Bersaing obtained such dividend because its holds 24% stake in Newmont. ”This is the fourth Read more
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