Bumi Resources Minerals shares trading resume after IDX lifts suspension
Friday, April 12 2019 - 06:41 AM WIB
The Indonesian Stock Exchange has lifted the suspension of PT Bumi Resources Minerals Tbk (BRMS) shares trading after the exchange management considers the company to have complied with the existing capital market regulation.
The company said the trading of the company’s shares resumed from the morning session on April 12, 2019, starting from the market opening.
The company said it has been in compliance with every request made by the IDX, including submitting the company’s response letter to IDX dated April 8, 2019, and reporting its first quarter 2019 financial statement to the IDX dated 11 April 2019.
Both documents show that Bumi Resources Minerals has booked revenues in the first quarter of 2019, the company said.
“BRMS will continue to work hard to commence production from its gold project in Palu, Sulawesi in the 4th quarter of 2019. The company is also on schedule to start operating its zinc & lead project in Dairi, Sumatera together with its partner, NFC China in year 2021,” it said in a statement.
The company claimed that in running its operations it will always comply with the capital market regulations in the company’s effort to add value to its stakeholders.
Editing by Roffie Kurniawan