- Business
- PT Bumi Resources Tbk is an Indonesia-based holding company primarily engaged in coal mining and mining-related activities. The company’s core products and services include coal mining comprising exploration, exploitation, mining, and sale of coal deposits through subsidiaries such as Kaltim Prima Coal and Arutmin Indonesia; marketing and management services; oil and gas exploration activities; and gold exploration. The company operates extensively across Indonesian regions including North Sumatra, South Sumatra, Sulawesi, East Kalimantan, South Kalimantan, and internationally in the Republic of Yemen. It also owns and manages coal reserves and resources with operations spread across multiple mining units. Founded in 1973 and headquartered in Jakarta, Indonesia, PT Bumi Resources Tbk continues to expand its portfolio, including interests in mineral sectors beyond coal such as bauxite mining and metal production in Indonesia and Australia.
Recently, PT Bumi Resources Tbk has intensified its strategic shift from traditional thermal coal mining toward diversification into minerals and downstream processing. It has signed a term sheet to acquire a 45% stake in PT Laman Mining, a bauxite mining company in West Kalimantan, Indonesia, and is working on acquiring a tungsten mine in Queensland, Australia, producing copper and gold. The company is also gradually increasing its stake in Jubilee Metal Limited in Australia to nearly 65%. In coal downstream projects, PT Bumi Resources secured a new strategic partnership with a Chinese firm to develop coal into ammonia, marking a key downstream expansion after revising earlier plans focused on methanol production. The company has made significant progress in debt restructuring, reducing its debt burden by approximately 60%, restoring financial health, and improving profitability. These moves align with Bumi's ambition to balance its portfolio with an equal contribution from thermal coal and non-coal mineral assets by 2031. The company also aims to develop basic chemical products through coal gasification as part of its long-term diversification strategy and continue expanding its domestic market presence in Indonesia.
PT Bumi Resources Tbk’s business segments include holding companies, coal mining, services, oil and gas exploration, and gold exploration, with coal mining reporting the majority of its revenue. The company is part of the Bakrie Group and continues to improve operational efficiency while expanding non-coal segment operations. Its subsidiaries include majority ownership of Arutmin Indonesia and other coal mining entities. The company is focused on operational excellence, cash flow management, and leveraging strategic partnerships to explore downstream projects in chemical product development and mineral sector diversification. PT Bumi Resources Tbk remains a key player in Indonesia’s mining industry with a growing international footprint and an evolving business model shifting towards sustainable, diversified mining and energy resource production.