Borneo-Bumi deal pending on contractor's consent
The closing of US$3.25 billion deal between PT Borneo Lumbung Energi and PT Bumi Resources Tbk is pending on the consent letter from Thiess, main contractor of PT Kaltim Prima Coal & PT Arutmin Indonesia.
Thiess is the main contractor of both coal companies which secured life-of-the mine contract (Aus$1.7 billion). Why the contractor is so powerful in the deal between Borneo-Bumi?
Besides, Borneo needs consent from Mitsui as the main equipment leasing agent for both KPC and Arutmin. "So far, no letter of consent given from Thiess and Mitsui," he said.
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Thiess is the main contractor of both coal companies which secured life-of-the mine contract (Aus$1.7 billion). Why the contractor is so powerful in the deal between Borneo-Bumi?
Besides, Borneo needs consent from Mitsui as the main equipment leasing agent for both KPC and Arutmin. "So far, no letter of consent given from Thiess and Mitsui," he said.
Labels: Bumi Resources, COAL, MITSUI
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posted by yosef at 7:27 PM
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