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PT Bumi Resources Tbk is one of the largest mining companies in Indonesia and is structured as a holding company. [3] In the 2012 Forbes Global 2000 , Bumi Resources was ranked as the 1898th-largest public company in the world. [ 4 ]
In 2021 DW News and 2023 The Guardian reported, major shareholders in the company as the Indonesian company Bumi Resources Minerals [7] and China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd., [4] which is a subdivision the Government of China owned China Nonferrous Metal Mining Group.
[10] [11] [12] Glencore International is a shareholder in Harita's Bauxite Division in PT Cita Mineral Investindo Tbk. Nickel division: The group also mines and sells nickel ore. In June 2015, Harita Group announced its investment of US$380 million to build a nickel smelter and a 120-megawatt power plant in North Maluku.
Through PT. Bakrie Sumatra Plantations, Bakrie Group managed an estimated 100,000 ha of rubber and palm oil plantation in the island of Sumatra. [28] Bakrie Sumatera Plantations Tbk (BSP) is a subsidiary of Bakrie Group. [28] BSP has extensive landbanks. [29] One of its directors is Bungaran Saragih, a former minister of agriculture.
The BUMN Untuk Indonesia ("SOEs for Indonesia") campaign was launched by the Ministry of State Owned Enterprises in April 2020; [1] this logo was introduced together with a rebranding of the Ministry and the introduction of the AKHLAK core values across all state-owned enterprises effective on 1 July 2020.
PT Berau Coal Energy also issued US$500 million worth of 7.25% guaranteed senior notes in 2017. Both the 2015 and 2017 notes are currently in default. Since July 2015, the Berau Group has brought 4 separate rounds of scheme of arrangement / moratorium proceedings, with terms which have been described as “frankly insulting” at a time when ...
Bintang invested US$1 billion [4] in a partnership with Tsingshan Holding Group to build Indonesia Morowali Industrial Park (IMIP) nickel processing facility in Central Sulawesi [5] which opened in 2015.
Berau Capital Resources Pte issued US$450 million worth of 12.5% guaranteed senior secured notes, in 2015. PT Berau Coal Energy also issued US$500 million worth of 7.25% guaranteed senior notes in 2017. While these were to be restructured under an agreement with bondholders, [19] the company later did not proceed with the deal. Both the 2015 ...