JAKARTA – In a significant move reverberating through Indonesia's capital markets, Chengdong Investment Corporation has strategically reduced its direct ownership in coal giant PT Bumi Resources Tbk (BUMI). The institutional investor divested approximately 3.7 billion…

Indonesia's coal giant, PT Bumi Resources Tbk (BUMI), is boldly diversifying its portfolio, making a significant pivot away from its traditional coal reliance. The company recently announced the acquisition of a controlling stake in Australian…

Indonesia's mining giant, BUMI Resources (BUMI), is strategically shifting its gears, embarking on an ambitious journey to drastically diversify its revenue streams. The company aims for a substantial 50% non-coal revenue contribution by 2031, a…

JAKARTA – Global financial titan UBS Group AG executed a notable transaction in Indonesian coal giant PT Bumi Resources Tbk (BUMI), reducing its direct ownership stake. This move, totaling approximately IDR 176.2 billion, underscores the…

In a significant move that garnered market attention, Bumi Resources (BUMI), one of Indonesia's largest coal producers, saw a substantial divestment by its major shareholder, Chengdong Investment Corporation. The Chinese state-owned entity offloaded approximately 1%…

On November 11, 2025, UBS Group AG executed a substantial acquisition in the Indonesian equity market, purchasing approximately 2.3 billion shares of Bumi Resources (BUMI). This landmark transaction, valued at an estimated IDR 416.9 billion…

Jakarta, Indonesia – PT Bumi Resources Tbk (BUMI), a prominent player in Indonesia's mining sector, is setting the stage for significant expansion with a proposed IDR 780 billion bond issuance. This strategic financial maneuver, rated…

Indonesian mining giant PT Bumi Resources Tbk (IDX: BUMI) is reportedly embarking on a significant strategic pivot, eyeing a substantial expansion into the high-demand bauxite and alumina sectors. This bold move signals a clear intent…