Bumi to spin off non-coal businesses

Asia’s largest exporter of thermal coal, PT Bumi Resources, on Wednesday announced that it would consolidate all of its non-coal mining assets into one company, to be named PT Bumi Resources Mineral, in a bid to focus more on its non-coal businesses.

Excerpt from The Jakarta Globe.

Diversity often leads to cost inefficiency so IMHO, this strategic decision is a move to strengthen the core business.

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Author: aryadn

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