A Sprinkle of Sweeteners for BUMI Shares as Coal Prices Cool
A series of catalysts driving BUMI’s stock movement amid the coal price downturn.
(Bisnis.Com) 01/01/70 07:00 35106
Bisnis.com, JAKARTA — Shares of PT Bumi Resources Tbk. (BUMI) are finding new catalysts even as coal prices lose steam. The latest spark came from the company’s strategic expansion into gold mining.
The Bakrie and Salim Group–backed coal giant has officially completed the acquisition of Australia’s Wolfram Limited (WFL), taking full ownership in a deal worth Rp698.98 billion, or about AUS$63.5 million.
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