Bumi Resources

Last updated
PT Bumi Resources Tbk
Type Public
IDX:  BUMI
Industry Mining
Founded1973
Headquarters Bakrie Tower, Jakarta, Indonesia
Key people
Nalinkant A. Rathod (President Commissioner), [1] Saptari Hoedaja (President Director) [2]
Products Coal, CBM
RevenueDecrease2.svg US$ 4.653 billion (2019)
Decrease2.svg US$ 103.1 million (2019)
Total assets Decrease2.svg US$ 4.470 billion (2019)
Total equity Decrease2.svg US$ 723.8 million (2019)
Number of employees
Decrease2.svg 67 (2019)
Website www.bumiresources.com

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] It is the biggest producer of thermal coal in Indonesia and is majority owned by the Bakrie Group. [5]

Contents

History

The company was initially established as PT Bumi Modern in 1973 and engaged in the hospitality and tourism industry. It conducted its initial public offering in 1990 and shifted its business from hospitality and tourism to oil, natural gas, and mining in 1998. The company changed its name to PT Bumi Resources Tbk in 2000.[ citation needed ]

In 2013, the organisation was beset by a host of difficulties, including the discovery of US$201 million in financial irregularities, as well as regulatory problems. [6]

Subsidiaries

Related Research Articles

KPC may refer to:

Sinar Mas is one of the largest conglomerates in Indonesia. It was formed in 1938. It has numerous subsidiaries including Asia Pulp & Paper and palm oil producer PT SMART. The company also acquired Berau Coal Energy from Asia Resource Minerals PLC, a major mining group founded by Nathaniel Philip Rothschild, in a takeover initiated by Fuganto Widjaja.

<span class="mw-page-title-main">Asia Resource Minerals</span> International mining group

Asia Resource Minerals, was a mining company listed on the London Stock Exchange.

The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family held majority ownership. Its assets include Indofood Sukses Makmur, the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. The group was founded in October 1972 by Sudono Salim and his junior partner Sutanto Djuhar. The current CEO is Anthoni Salim, a son of Sudono Salim.

PT Lapindo Brantas is an Indonesian oil and gas exploration company. It was established as a joint venture between PT. Energi Mega Persada Tbk. (50%), PT. Medco Energi Tbk. (32%) and Santos Australia (18%). The Bakrie family, through its investments, held a controlling stake in PT. Energi Mega Persada Tbk. Lapindo Brantas currently employs a staff of 77 permanent and contract employees and 142 personnel working for the company through a third party contract.

<span class="mw-page-title-main">East Kutai Regency</span> Regency in East Kalimantan, Indonesia

East Kutai Regency is a regency of East Kalimantan province, Indonesia. It has an area of 35,747.50 km2 and had a population of 253,904 at the 2010 census and 434,459 at the 2020 census; the official estimate as at mid 2022 was 425,613. The town of Sangatta is the capital of the regency.

PT United Tractors Tbk is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy. United Tractors has 20 branch offices, 32 site supports, 6 representative offices, and 54 support points as well as other service installations.

<span class="mw-page-title-main">Energy in Indonesia</span> Overview of the production, consumption, import and export of energy and electricity in Indonesia

In 2019, the total energy production in Indonesia is 450.79 Mtoe, with a total primary energy supply is 231.14 Mtoe and electricity final consumption is 263.32 TWh. Energy use in Indonesia has been long dominated by fossil resources. Once a major oil exporter in the world and joined OPEC in 1962, the country has since become a net oil importer despite still joined OPEC until 2016, making it the only net oil importer member in the organization. Indonesia is also the fourth-largest biggest coal producer and one of the biggest coal exporter in the world, with 24,910 million tons of proven coal reserves as of 2016, making it the 11th country with the most coal reserves in the world. In addition, Indonesia has abundant renewable energy potential, reaching almost 417,8 gigawatt (GW) which consisted of solar, wind, hydro, geothermal energy, ocean current, and bioenergy, although only 2,5% have been utilized. Furthermore, Indonesia along with Malaysia, have two-thirds of ASEAN's gas reserves with total annual gas production of more than 200 billion cubic meters in 2016.

Bumitama Agri Ltd is the Singapore holding company of subsidiary Bumitama Gunajaya Agro. Bumitama is an Indonesian oil palm plantation company which cultivates oil palm trees and produces crude palm oil (CPO). It was established in 1996 by the Harita Group with its first acquisition of land in Central Kalimantan. Bumitama owns roughly 230,000 hectares and has planted 187,000 hectares of oil palm trees, primarily in Central and West Kalimantan. Bumitama owns 14 CPO mills, which produce more than 1,000,000 tons of CPO a year. Primary purchasers of their CPO include Wilmar International, the Sinar Mas Group and Musim Mas. In April 2012, Bumitama Agri presented an IPO on the Singapore Stock Exchange. 

Mundra Ultra Mega Power Project or Mundra UMPP is a subbituminous coal-fired power plant in Tunda village at Mundra, Kutch district, Gujarat, India. It is the 3rd largest operational power plant in India. The coal for the power plant is imported primarily from Indonesia. The source of water for the power plant is sea water from Gulf of Kutch. The power plant is owned by Tata Power. The special purpose vehicle Coastal Gujarat Power Ltd (CGPL) was incorporated on 10 February 2006.

<span class="mw-page-title-main">Harita Group</span> Indonesian business conglomerate

The Harita Group is an Indonesian business conglomerate owned and controlled by the Lim family. The group's core businesses are in the natural resources sector, which operates throughout Indonesia. Today, the Harita Group has businesses in nickel mining, ferronickel smelters, bauxite mining, alumina refineries, palm oil plantations, shipping, timber, coal and property. After the 2014 government regulations to ban exports of raw minerals, Harita Group and its partners built a $400 million ferronickel smelter and Indonesia's first alumina refinery for $900 million, both of which have been completed and in full operation since 2016. In December 2019, Glencore International became a partner of Harita Group via its share sale and rights issue of Indonesian-listed Cita Mineral. In June 2021, Harita commissioned the first HPAL plant in Indonesia, which produces Mixed Hydroxide Precipitate, a raw material for electric vehicle batteries. The project had an estimated cost of $1 billion. The current CEO of Harita Group is Lim Gunawan Hariyanto.

<span class="mw-page-title-main">Bakrie Group</span> Public company in Indonesia

The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. It has interests across various industries including mining, oil and gas, property development, infrastructure, plantations, media and telecommunications. The group is one of the largest business groups in Indonesia, with 10 companies listed on the Indonesia Stock Exchange.

Indonesia Commodity and Derivatives Exchange (ICDX) (Indonesian: Bursa Komoditi dan Derivatif Indonesia) is the commodity and derivatives based exchange in Indonesia.

Air Born Indonesia is a national private air charter company established on December 9, 2010. Air Born is currently based in Sultan Aji Muhammad Sulaiman Airport, Balikpapan, East Kalimantan.

PT Berau Coal Energy Tbk is Indonesia's fifth largest coal producer.

Fuganto Widjaja is an Indonesian billionaire businessman.

PT Adaro Energy Indonesia Tbk is an Indonesian coal mining company, the country's second-largest by production volume and largest by market capitalisation. In the 2023 Forbes Global 2000, Adaro Energy was ranked as the 1393th-largest public company in the world. The company is an Indonesian energy group that focuses on coal mining through subsidiaries. The principal location is at Tabalong district in South Kalimantan, where the subsidiary PT Adaro Indonesia operates the largest single-site coal mine in the southern hemisphere. Adaro Energy operates under a first-generation CCA with the Indonesian Government valid until 2022.

<span class="mw-page-title-main">Muara Satui</span> Port in East Kalimantan, Indonesia

Muara Satui is an anchorage loading port in South Kalimantan, Indonesia. Primarily known for its coal loading anchorage, it lies on the southern coast of East Kalimantan, Borneo.

<span class="mw-page-title-main">Northstar Group</span>

Northstar Group is a Singapore-based private equity fund manager firm dedicated to investing in growth companies in Indonesia and, to a lesser extent, other countries in Southeast Asia.

Dairi Prima Mineral, officially PT Dairi Prima Mineral, is an Indonesian metal mining company and the owner of the Dairi mine in the Dairi Regency of North Sumatra, Indonesia.

References

  1. "Board of Commissioners". bumiresources.com. Retrieved 14 January 2020.
  2. "Board of Directors". bumiresources.com. Retrieved 14 January 2020.
  3. "Indonesia-Investments.com:Bumi Resources company profile". April 1, 2014.
  4. "Forbes Global 2000". Forbes . Retrieved 31 October 2020.
  5. Latul, Janeman (October 9, 2012). "Bumi Resources talks to Indonesia group on coal stake sale-sources". Reuters . Archived from the original on April 7, 2014. Retrieved 10 October 2012.
  6. Leftly, Mark (8 November 2013). "Bumi chief looks to 'a fresh start' as name change and Bakrie split near". London Evening Standard . p. 59.