PT Bumi Mineral Resources may sell around a 16 percent stake in an initial public offering this
year and has appointed PT Danatama Makmur to help arrange the sale.
year and has appointed PT Danatama Makmur to help arrange the sale.
Bumi Mineral is a unit of PT Bumi Resources Tbk, Indonesia largest coal producer. The company plans to raise US$1 billion from IPO.
Bumi Resources has consolidate strategic business unit in non coal under control Bumi Mineral. The strategic business unit are Lemington Investments Pte. Ltd., owner Bumi Mauritania S.A. and Komblo Bumi Inc., Calipso Investment Pte. Ltd., controlling shareholder Herald Resources Ltd., PT Citra Palu Minerals and PT Multi Capital, control part of PT Newmont Nusa Tenggara stake.
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