Bumi & Bumi Minerals, what is next?
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One of nickel miners PT Vale Indonesia Tbk (INCO) on Friday has appointed Ricardo Rodrigues de Carvalho as the president commissioner of the company, replacing Peter Poppinga, while Poppinga remains as a member of the board of commissioner of the company. The shareholders of the Company also accepted the resignation of Tito B. Martins as [...]
PT Bumi Resources Minerals Tbk (BRMS), a non-coal subsidiary of coal miner PT Bumi Resources Tbk (BUMI), reported a 96.82% jump in net profit for the first half of this year. In a press statement today, the profit jump was mainly driven by the favorable realized commodity prices and the reduced interest and financing charges. [...]
The state-controlled nickel and gold miner PT Aneka Tambang Tbk (Antam) finally has sent a mandate letter to consortium of lenders led by PT Bank Mandiri Tbk (BMRI) which arrange and seek US$1 billion financing for Halmahera’s ferronickel project at Buli, North Maluku. A source close to the deal said a consortium led by PT [...]