A Lump of Coal for Bakrie’s Stocking

IT was a year of surprises for PT Bumi Resources in 2007. The trend to produce energy with coal rather than oil increased worldwide demand for coal. This company owned by the Bakrie family made windfall profits and set a new record for the sale of coal mined in East Kalimantan.

PT Bumi was able to sell 55 million tons of coal at the highest price they have ever obtained, US$44 (Rp440,000) per ton. On top of that, after replacing three contractor

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