News - Bumi Resources
Text of report in English by influential Indonesian newspaper The Jakarta Post English-language website on 29 July PT Kaltim Prima Coal (KPC), a subsidiary of PT Bumi Resources (Asia's top exporter of coal), has denied the local authority's accusation that it operates without permits in a forest area.
By Bangkok Post, Thailand May 12--Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country's natural resources from energy-hungry China and India.
By Jesse Riseborough Bumi Resources, the biggest coal producer in Indonesia, offered 455 million Australian dollars, or $397 million, for Herald Resources, and will seek to end a two-year deadlock over the company's planned zinc and lead mine in Sumatra.
By Anonymous COAL Tata Power purchased a 30-percent interest in coal companies owned by Bumi Resources for $1.3 billion. Tata Power is India's largest nongovernment power company and part of the same group that agreed to buy European steelmaker Corus Group for about $12 billion.
By Leony Aurora and Arijit Ghosh United Tractors, which owns Indonesia's biggest mining contractor, has said it is in talks to buy four coal concessions in the country after clients set up competing businesses.
