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Sovereign Wealth Funds Briefing - Categorized | Investment

Bumi eager to buy mines in Indonesia and overseas

Posted on 24 March 2010

From Thejakartaglobe.com: PT Bumi Resources, the country’s largest coal miner, is seeking acquisitions at home and overseas as the price for power-station fuel rises around the world. China Investment Corp., the Chinese sovereign wealth fund, bought $1.9 billion of debt from Bumi in September.

“We want to get as large as possible as quickly as possible and focus on international expansion that we believe pays better-than-average shareholder returns,” Bumi director Ken Farrell said on the sidelines of a conference in Singapore on Tuesday……………………………..Full Article: Source


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