Bumi Resources Minerals Stock

Description Bumi Resources

Bumi Resources is an Indonesian listed company that operates in the mining and energy sector. The company is primarily engaged in coal mining, exploration, production, and processing. Bumi Resources also engages in power generation through its subsidiaries.

Bumi Resources has a significant presence in the Indonesian mining industry and is one of the largest coal exporters in the country. It operates several coal mines in Indonesia, including the Kaltim Prima Coal (KPC) and Arutmin mines, which are two of Indonesia's largest coal mines. The company also owns stakes in other coal mines and has a coal reserves portfolio in excess of two billion tons.

In addition to its mining operations, Bumi Resources also operates several power plants, including the Tanjung Jati A and B power plants in Central Java. These plants have a combined generating capacity of 5,040 MW.

The company has faced financial difficulties in recent years due to falling coal prices, high debt levels, and governance issues. However, it has taken steps to address these issues, including debt-restructuring and focusing on debt reduction. As of 2021, Bumi Resources is under a debt standstill agreement with its creditors, which has given the company some breathing room to improve its financial position.