Bumi Resources pays $391m for stake in Newmont: collecting mineral after energy, one at a time

Giant coal producer PT Bumi Resources has paid US$391 million for a 10 percent share acquisition in PT Newmont Nusa Tenggara (NNT),

Excerpt from The Jakarta Post.

At first it was energy, now it’s mineral acquisition. It seems that Bumi’s resources is beyond engineering logic. It’s financial logic.

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Author: aryadn

blogger, microblogger, professional mining engineer, metallurgist by education, interested in mobile-street photography.