Bloomberg News

Bumi Resources Open to ‘Strategic Partnering’ in Bumi Minerals

January 02, 2012

Jan. 3 (Bloomberg) -- PT Bumi Resources is open to “strategic partnering” in PT Bumi Resources Minerals, Director Dileep Srivastava said.

Strategic partnering in Bumi Minerals “equity and assets to unlock its true unrealized value is a strategic option with us,” Srivastava said today in a mobile-phone text message in response to a query from Bloomberg News. Bumi “did not proceed” with an offer to sell 75 percent of Bumi Minerals equity in 2011 “due to the well-known inconducive market conditions,” Srivastava said.

“We are open to such options at the right time.” Srivastava said.

To contact the reporter on this story: Greg Ahlstrand in Hong Kong at gahlstrand@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net


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