New Rush for Gold
The spike in international gold prices prompts mining corporates to expand businesses. Companies are aggressively exploring for new reserves.
AFTER a long stagnation at Rp50, the share of Bumi Resources (IDX: BUMI) finally inched up to Rp51 on Wednesday, October 7. The price gain came a day after the issuer announced that its subsidiary, Bumi Resources Minerals (IDX: BRMS), was building a new gold processing facility in addition to increasing production and reserves.
Bumi Resources Minerals’ Director and Investor Relations Manager Herwin Hidayat said the new refinery is de...