Indonesian miner Bumi Resources to sell stake worth $1.6b to Salim-backed firms

Indonesian miner Bumi Resources to sell stake worth $1.6b to Salim-backed firms

Photo: Reuters

Shareholders of Indonesia’s largest coal miner PT Bumi Resources on Tuesday approved a share sale plan worth $1.6 billion to companies controlled by billionaire Anthoni Salim, aimed at helping the miner repay longstanding debt.