Bumi Resources consolidates non-coal units
Wednesday, March 3 2010 - 03:09 AM WIB
IDX-listed mining house PT Bumi Resources has merged its four subsidiaries involved in non-coal operations into PT Bumi Resources Mineral (BRM) as part of the consolidation of the company?s subsidiaries.
In a letter sent to the Indonesian Stock Exchange on Tuesday, Bumi said that the four companies which were merged into BTM include Lemington Investment Pte Ltd, which owns Bumi Mauritania S.A and Konblo Bumi Inc; Calipso Investment Pte. Ltd., which owns Herald Resources Ltd., and PT Citra Palu Minerals and PT Multi Capital which owns PT Newmont Nusa Tenggara.
BRM is 99.99 percent owned by Bumi Resources. (denny)