PT Bumi Resources Tbk is one of the largest
mining companies in
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...
and is structured as a
holding company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
. In the 2012
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003.
By country
Forbes Global 2000 as of 2023:
...
, Bumi Resources was ranked as the 1898th-largest public company in the world. It is the biggest producer of thermal coal in Indonesia and is majority owned by the
Bakrie Group
The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. It has interests across various industries including mining, oil and gas, property development, infrastructure, plantations, media and telecommunications. The gr ...
.
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.
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.
Subsidiaries
*PT Kaltim Prima Coal (KPC): operates approximately 90,000 hectares of coal mining concessions in
East Kalimantan
East Kalimantan (Indonesian language, Indonesian: ) is a Provinces of Indonesia, province of Indonesia. Its territory comprises the eastern portion of Borneo/Kalimantan. It had a population of about 3.03 million at the 2010 census (within the cu ...
province.
*PT Arutmin Indonesia: operates approximately 70,000 hectares of coal mining concessions in
South Kalimantan
South Kalimantan () is a Provinces of Indonesia, province of Indonesia. It is the second most populous province on the island of Kalimantan, the Indonesian territory of the island of Borneo after West Kalimantan. The provincial capital was Banjar ...
.
*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
South Sumatra () is a province of Indonesia, located in the southeast of the island of Sumatra. The capital and largest city of the province is the city of Palembang. The province borders the provinces of Jambi to the north, Bengkulu to the west a ...
.
*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
External links
Official company siteKaltim Prima Coal websiteArutmin Indonesia websiteFajar Bumi Sakti websiteBumi Resources Minerals website
{{Mining in Indonesia
Coal companies of Indonesia
Mining companies of Indonesia
Oil and gas companies of Indonesia
Indonesian companies established in 1973
Companies listed on the Indonesia Stock Exchange
1990 initial public offerings
Bakrie Group