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Sunday, March 31, 2013

Bumi Resources

Bumi Resources is a part of Bakrie & Brothers group engaged in mining sectors. Bumi resources is asia's fastest and the world's 2nd fastest growing company. the company is the biggest thermal coal producer company in Indonesia. Bumi is also listed in London Stock Exchange as "Bumi Plc"


Bumi Resources LogoIn consolidating their business, the company supported by three giants mining company, namely: Kaltim Prima Coal, Arutmin Indonesia and Bumi Resources Mineral. Two of them except Bumi Resources Mineral are the subsidiaries company of bumi resources which operate in East Kalimantan and South Kalimantan with total of 160.000 hectares of coal mining concessions. Bumi Resources Minerals is a subsidiary company which operates in non-coal mining assets.

Currently, the company is managed by Samin Tan as the Chairman of Bumi Plc and is President Director of PT Bumi Resources Minerals and Saptari Hoedaja as President Director

Bumi resources has achieved various prestigious award from national and international institutions, like: Platts Top 250 Global Energy Companies Award 2011, Finance Asia, Asia's Best Companies 2011, The 1st Asian Excellence Recognition Awards 2011, Corporate Governance Recognition Award 2011.




In March 01 st 2013, Bumi announce that its subsidiary PT Kaltim Prima Coal (KPC) has received two international awards for its CSR programs at the Global Green Future Awards 2013 in Mumbai, India on 18 February 2013 during the World CSR Congress

Bumi Resources headquarter is located in Jakarta. More information about this giant company please refer to http://www.bumiresources.com

Bumi's vs Rothschild

Nathaniel Rothschild lost his bid to replace the chairman and chief executive officer of Bumi Plc (BUMI), helping clear the way for it to sell a stake in an Indonesian coal business being probed for alleged financial irregularities.

Bumi Plc (BUMI)’s defeat of an attempt by co-founder Nathaniel Rothschild to take control of the board clears the way for the coal producer to proceed with a deal to split from Indonesia’s Bakrie family.



Rothschild, scion of a centuries-old banking dynasty who sought backing to remove the chief executive officer, chairman and the majority of the directors, had his proposal rebuffed by shareholders at a London meeting yesterday. The 41-year-old financier said the board had failed shareholders as he battled the Bakrie family over control of Bumi after creating the coal venture with them in a $3 billion deal in 2010 more info about this battle please read at Bloomberg

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