Bumi Resources

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PT Bumi Resources Tbk.
Public
IDXBUMI
Founded 1973
Headquarters Jakarta, Indonesia
Key people

Kusumo A. Martoredjo, President Commissioner

Saptari Hoedaja, President Director
Revenue Increase 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[edit]

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[edit]

  • 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[edit]

External links[edit]