PT Bumi Resources Tbk
Company typePublic
IDX: BUMI
IndustryMining
Founded1973
HeadquartersBakrie Tower, Jakarta, Indonesia
Key people
Nalinkant A. Rathod (President Commissioner),[1] Saptari Hoedaja (President Director)[2]
ProductsCoal, CBM
RevenueDecrease US$ 4.653 billion (2019)
Decrease US$ 103.1 million (2019)
Total assetsDecrease US$ 4.470 billion (2019)
Total equityDecrease US$ 723.8 million (2019)
Number of employees
Decrease 67 (2019)
Websitewww.bumiresources.com

PT Bumi Resources Tbk is one of the largest mining companies in Indonesia and is structured as a holding company.[3] In the 2012 Forbes Global 2000, Bumi Resources was ranked as the 1898th-largest public company in the world.[4] It is the biggest producer of thermal coal in Indonesia and is majority owned by the Bakrie Group.[5]

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 shifted 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.[citation needed]

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.[6]

Subsidiaries

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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. ^ "Forbes Global 2000". Forbes. Retrieved 31 October 2020.
  5. ^ Latul, Janeman (October 9, 2012). "Bumi Resources talks to Indonesia group on coal stake sale-sources". Reuters. Archived from the original on April 7, 2014. Retrieved 10 October 2012.
  6. ^ Leftly, Mark (8 November 2013). "Bumi chief looks to 'a fresh start' as name change and Bakrie split near". London Evening Standard. p. 59.

External links

Mining in Indonesia
Categories