Bumi Resources confirmed the divestment of KPC & Arutmin
Ari Hudaya, CEO of PT Bumi Resources Tbk, confirmed my earlier reports that the company is in the process to divest all its shares in two major coal producers PT Kaltim Prima Coal and PT Arutmin Indonesia.
Detik.com reported that after the divestment Bumi would launch the merger with oil and gas producer PT Energi Mega Persada Tbk.
Besides, Bumi will develop coal to liquid technology with South Africa's SASOL, the largest producer of diesel oil from CTL technology. Both companies are planning to develop CTL in South Sumatra.
But Hudaya neither confirmed nor denied Marubeni as the potential buyer for KPC and Arutmin. Sources said the deal could be somewhere around US$2.25 billion.
Besides, Bumi will develop coal to liquid technology with South Africa's SASOL, the largest producer of diesel oil from CTL technology. Both companies are planning to develop CTL in South Sumatra.
But Hudaya neither confirmed nor denied Marubeni as the potential buyer for KPC and Arutmin. Sources said the deal could be somewhere around US$2.25 billion.
Labels: Bumi Resources, COAL, Energi Mega Persada, MARUBENI
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posted by yosef at 8:22 PM
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