- Business
- PT Bumi Resources Tbk is an Indonesia-based holding company primarily engaged in mining activities, operating through five core business segments: holding company, coal, services, oil and gas, and minerals. The company’s main products and services include the exploration, exploitation, mining, and sale of coal deposits, marketing and management services related to mining operations, exploration for oil and gas properties, and mineral activities including gold mining. Its coal business is managed through subsidiaries such as PT Kaltim Prima Coal, PT Arutmin Indonesia, and PT Pendopo Energi Batubara, with operational areas across Indonesia including North Sumatra, South Sumatra, Sulawesi, East Kalimantan, South Kalimantan, and the Republic of Yemen. PT Bumi Resources was founded in 1973 and is headquartered in Jakarta Selatan, Indonesia.
Recent strategic developments include a transformation agenda shifting focus from thermal coal expansion toward metals, minerals, and downstream processing. Notably, PT Bumi Resources has signed a term sheet to acquire a 45% stake in PT Laman Mining, an Indonesian bauxite mining company, signaling its commitment to enter the alumina business and strengthen its non-coal portfolio. The company plans to acquire a majority stake in PT Supreme Alumina Indonesia, a refinery project controlled by Laman Mining, aiming to move up the value chain in aluminum processing. Additionally, PT Bumi Resources acquired Wolfarm Limited in Australia, expanding its footprint in mineral assets globally. It is also raising funds with plans for a US$600 million syndicated loan to support expansion into underground gold mining and construction of processing plants, particularly under its subsidiary PT Bumi Resources Minerals which is advancing significant projects including the upgrade of Carbon-in-Leach processing plants and underground mining operations in Poboya, Palu. These moves reflect the company’s broader diversification strategy away from reliance on coal and toward integrated mining and mineral processing activities within Indonesia and internationally.
PT Bumi Resources remains focused on its core business segments while evolving towards a diversified mining company targeting coal, oil and gas, and mineral resources, supported by strategic acquisitions, capital increases, and operational expansions to enhance its financial position and market competitiveness. The company maintains a debt-free status following recent capital restructuring and continues to pursue growth through organic and inorganic means in the Indonesian and regional mining sectors. Its ongoing projects and strategic partnerships position it as a key player in Indonesia’s mining industry with ambitions to expand the value chain from raw materials to downstream processing in metals and minerals.