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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Bumi plans purchases to be Indonesian mine ‘champion’

Posted on 09 October 2009

From Bloomberg: PT Bumi Resources, Indonesia’s biggest 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 “signed a strategic partnership agreement where in all our investments above $75 million we show to them first,” and potential targets will be discussed with the Chinese fund this month, he said in an interview in Singapore yesterday………………..Full Article: Source

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