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Article: BRIEFING - ASIA MINING - OCT 1, 2009.
- Article from:
- AsiaPulse News
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on mining for Oct 1, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIAN MINER BUMI MORTGAGES SUBSIDIARIES FOR US$1.9 BLN
JAKARTA - Publicly traded Indonesian coal producer PT Bumi Resources (JSX:BUMI) mortgaged its subsidiaries PT Kaltim Prima Coal and PT Arutmin Indonesia for a new debt of US$1.9 billion from China Investment Corp.
The fund, expected to be disbursed today, will be used to repay high interest debts and finance the acquisition of three coal companies, Bumi Senior Vice President Dileep ...