Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsThe World Bank's private-sector arm, the International Finance Corporation (IFC), has been quietly funding some of Indonesia’s most destructive coal mining companies despite its 2013 virtual ban on coal financing, a report says.
Publicly listed coal miner PT Bumi Resources (BUMI) posted US$983.2 million in gross profit for the first nine months of 2018, or 11.4 percent lower than the figure in the corresponding period of 2017, according to its latest press statement.
Publicly listed coal miner PT Bumi Resources has set a target to increase its consolidated gross revenue, which includes revenue from a number of its mining subsidiaries, by 10.93 percent to 12.13 percent this year as part of its plan to export more coal to Japan.
Publicly listed mining company PT Bumi Resources Minerals (BRMS) will experience an important boost in its financial performance should it seal a deal to sell 51 percent of shares in PT Dairi Prima Mineral to China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC), an analyst has suggested.
Indonesia's largest thermal coal mining company, PT Bumi Resources, has announced that its planned rights issue will take place from May 26 to June 8. The move is part of the company’s efforts to restructure commercial debt amounting to US$4.2 billion.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.