Existence And Development Group Companies In The Mining Sector (PT. Bumi Resources Tbk)

Main Article Content

Hartana Hartana

Abstract




PT. Bumi Resources Tbk. has absolute controlling shares of its subsidiaries (subsidiaries), so PT. Bumi Resources Tbk. can control, coordinate and be absolutely responsible for the operational activities of its subsidiaries. To expand its network, PT. Bumi Resources Tbk. formed a subholding company, PT. Bumi Resources Mineral Tbk. (BRM). BRM focuses on being a holding company that manages several subsidiaries engaged in the non-coal business. The establishment of this subholding cannot be separated from the expansion carried out by PT. Bumi Resources Tbk. which has acquired several non-coal mineral companies, including Calipso Investment Pte Ltd (99%), International Minerals Company, LCC (100%), Lemington Investments Pte.Ltd (99%), PT. Citra Palu Minerals (96.97%), PT. Dairi Prima Mineral (80%), PT. Multi Capital (99%), and PT. Sarkea Prima Minerals (20%). These companies subsequently become subsidiaries and / or affiliates of PT. Bumi Resources Mineral Tbk. 




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HARTANA, Hartana. Existence And Development Group Companies In The Mining Sector (PT. Bumi Resources Tbk). International Conference on Law and Social Sciences and Education, [S.l.], v. 1, n. 1, p. 114-129, dec. 2019. Available at: <https://eproceeding.undiksha.ac.id/index.php/ICLSSE/article/view/1923>. Date accessed: 30 oct. 2020.
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