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Indonesia’s Bumi Resources Minerals Revises Private Placement Price

JAKARTA (TheInsiderStories) - Indonesia miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) revised the private placement' price from Rp50 a share to Rp85 per unit, said...

Indonesia’ Bumi Resources Minerals Pay Debt through Private Placement

JAKARTA (TheInsiderStories) - Gold miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) plans to run a debt to stock conversion to its creditor, said the company...

Indonesia’s BUMI Pays More Debt, Next Payment July

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bumi Resources Tbk (IDX: BUMI) announced has paid the ninth installment worth of US$7.51 million, said the company...

Moody’s Downgrades Bumi Resources Rating to Caa1

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating (CFR) for PT Bumi Resources Tbk (IDX: BUMI) to Caa1 from B3. At the same time,...

Indonesia’s Bumi Resources Ready to Produces Gold This Year

JAKARTA (TheInsiderStories) - PT Bumi Resources Minerals Tbk (IDX: BRMS) ready to produce up to 180,000 tons of gold in this year, said the company...

Indonesia’s BUMI to Pay Off Debt US$250M in 2019

JAKARTA (TheInsiderStories) - One the largest coal producer in Indonesia, PT Bumi Resources Tbk (IDX: BUMI) planned to pay off around US$250 million of its Tranche...

Indonesia’s Bumi Resources Pays Debt US$270M

JAKARTA (TheInsiderStories) - The Bakrie Group subsidiary, PT Bumi Resources Tbk (IDX: BUMI) has paid debts of $270.4 million until July 2019. The debts...

China Investment, CDB Enters BUMI’s Management

JAKARTA (TheInsiderStories) - PT Bumi Resources Tbk (IDX: BUMI), the Bakrie-owned company, planned to pay around US$50 million debt in July. The coal miner, targets paying...

Indonesia’s Bumi Resources Paying Off Debts US$100M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bumi Resources Tbk (IDX: BUMI) confirms that a Contingent Value Rights (CVRs) payment worth US$100 million occurred on June...

Indonesia’s Bumiputera Realigned President Director Desk

JAKARTA (TheInsiderStories) – Indonesian insurance company, PT AJB Bumiputera 1912 has realigned the management structure by terminating President Director Sutikno Sjarif, after the Financial Services Authority (FSA)...

Indonesia’s Bumi Resources Profit Slumps Almost Half in 1Q 2019

JAKARTA (TheInsiderStories) - The controversial Bakrie-owned company PT Bumi Resources Tbk (IDX: BUMI) felt other gloomy days. In the first quarter (1Q) of 2019,...

Indonesia’s Bumi Resources Minerals Claims Better Financial

JAKARTA (TheInsiderStories) - The long-troubled PT Bumi Resources Minerals Tbk (IDX: BRMS) reported an improvement on its financial position. In the 2018' financial report,...

Moody’s Revises Bumi Resources Ratings to Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B3 corporate family rating (CFR) for PT Bumi Resources Tbk (IDX: BUMI). At the same time, Moody's...

Indonesia’s Bumi Resources Pays Debt US$52M

JAKARTA (TheInsiderStories) -- Little by little, Indonesian miner PT Bumi Resources Tbk (IDX: BUMI) is installing its huge debts that burden company's financial. Today...

Insight: Political Elites on The Coal Business Corruption

JAKARTA (TheInsiderStories) – The coal mining sector has become a political commodity and funding source for political campaigns in Indonesia for the past 20...

Indonesia’s AJB Bumiputera has New Management

JAKARTA (TheInsiderStories) -In the midst of chaotic disbursement of insurance claims, PT AJB Bumiputera 1912 picked four the new management Sutikno Sjarif, Yusuf Budi Baik, Sri...

Indonesia’s BUMI Pays US$167M Trance A Debt

JAKARTA (TheInsiderStories) - Indonesian miner, PT Bumi Resources Tbk (IDX: BUMI) has paid US$167.48 million Tranche A Principal and Coupon till date, said the company...

Indonesia’s BUMI Aims to Convert 80% Forex Revenues to Rupiah

JAKARTA (TheInsiderStories) - PT Bumi Resources Tbk (IDX: BUMI), one of Indonesia’s largest coal producer & exporter planned to convert most of its foreign exchange (forex)...

Indonesia’s Bumi Resources Minerals Completes the Dairi Prima Divestment

JAKARTA (TheInsiderStories) - Indonesian publicly listed miner PT Bumi Resources Minerals Tbk (IDX: BRMS) through its Singapore's unit Gain and Win Pte. Ltd., completed the 51...

Indonesia’s BUMI Pays Debt US$114.6M

JAKARTA (TheInsiderStories) - Indonesia's coal miner, PT Bumi Resources Tbk (IDX: BUMI) announced has paid its Tranche A Principal and coupon with total amount US$114.6...

Bumi Mineral Secures Permit to Develop Dairi Mine for 30 Years

JAKARTA (TheInsiderStories) - PT Dairi Prima Mineral (DPM), a subsidiary of PT Bumi Resource Minerals Tbk (IDX:BRMS), has obtained a 30-year production permit for Dairi...

Bumi Sets Date for Debt Conversion, Q3 Results Improve

JAKARTA (TheInsiderStories) – Indonesia’s largest coal producer PT Bumi Resources Tbk (IDX:BUMI) has set Dec. 11, 2017 as the effective date for the exchange...

BUMI targets sales volume to rise by 7%, coal price up 30% in 2017

JAKARTA (TheInsiderStories) - PT Bumi Resources Tbk (IDX:BUMI), the country's largest coal producer targets coal sales volume rise of 5-7 percent for 2017 and coal...

Bumi Resources Minerals sell Dairi Prima to China Nonferrous

JAKARTA (TheInsiderStories) -Gain and Win Pte. Ltd, an affiliated of PT Bumi Resources Minerals Tbk (IDX: BRMS) sell 51 percent shares of zinc-lead silver mining unit...

Benny TJokro Shouted Bakrie Involves in Jiwasraya Cases

JAKARTA (TheInsiderStories) - Benny Tjokrosaputra, a suspect in the bribery case with PT Asuransi Jiwasraya, accused the Supreme Audit Agency protected the Bakrie Group in...

Indonesia’s Bakrie, Ithaca, Air Product to Build Methanol Industry US$2B

JAKARTA (TheInsiderStories) - The consortium of PT Bakrie Capital Indonesia (BCI), PT Ithaca Resources, and an American international corporation, Air Products has formed a strategic alliance...

Indonesian House Ensures Amending Coal Mining Law Completed in August 2020

JAKARTA (TheInsiderStories) - Indonesian House's Commission VII, who oversees the energy sector, set targets to be able to complete the amending coal mining rules...

Indonesia’s Arutmin Proposes an Extension Contract

JAKARTA (TheInsiderStories) - PT Arutmin Indonesia, unit of coal miner PT Bumi Resources Tbk (IDX: BUMI), has proposed a contract extension and a change of...

Morning Briefing: Indonesian President Distributes Government Spending

JAKARTA (TheInsiderStories) - Good Morning! Today, Indonesian President Joko Widodo will distribute the Budget Implementation Entry List to the ministries and institutions and for the...

Weekly Briefing: Widodo - Amin Inaugurated, New Cabinet Announces

JAKARTA (TheInsiderStories) - Good Morning! After inaugurated yesterday, today President Joko Widodo and Vice President Ma'ruf Amin will introduce their new cabinet. Based on head...