Jakarta (ANTARA News/Asia Pulse) - Indonesia's largest coal producer PT Bumi Resources (JSX:BUMI) is studying the possible acquisition of three or four potential mining companies in Indonesia.
Senior vice president for investor relations Dileep Srivastava made clear that Bumi is not interested in seeking stakes in U.S. gold mining companies Freeport Indonesia and Newmont.
Bumi, which has two major coal mining subsidiaries, Kaltim Prima Coal and Arutmin, is more interested in expanding its production capacity than buying a stake in the two gold companies, he said. Bumi is seeking to increase its stake in Australia's Herald Resources (ASX:HER), which has a lead and zinc mine not yet developed in Dairi, North Sumatra, from 20.19 per cent to 51 per cent.
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