News Releases
China Investment Corporation invests in PT Bumi Resources Tbk
Nov.5, 2009 : China Investment Corporation (¡°CIC¡±) has recently settled a US$1.9 billion strategic investment in PT Bumi Resources Tbk (¡°Bumi¡±).
In addition, CIC and Bumi have agreed to form a strategic alliance, which would allow CIC to facilitate and participate in the future financing needs of Bumi or its affiliates, including project finance for its expanding infrastructure. CIC and Bumi will also jointly pursue other investment opportunities in the mining sector.
With its world-class assets and sound operational management, as well as attractive business prospects, Bumi has been selected by CIC as its first significant investment in Indonesia.