Friday, October 9, 2009

Bumi plans to acquire mine again

PT Bumi Resources Tbk, Indonesia' sbiggest coal company, plans to acquire mines in the country and may include China Investment Corp. as a partner after borrowing $1.9 billion from the sovereign wealth fund last month.
Bumi and CIC have signed a strategic partnership, so that CIC wanted to make investments in countries where it felt welcome.

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