"Landep News"
PT Bumi Resources Minerals Tbk (BRMS ) officially listed its shares on the Indonesia Stock Exchange (IDX) with the shares release to the public as much as 3.3 billion shares on Thursday at an offer price of Rp 635 (USD 0.07cents) per share.
Total funds raised from the initial public offering were amounted to around USD 200 million. At the inaugural listing, the shares rose 25.98 percent BRMS to the position of USD 0.09 cents and at the end of trading closed at USD 0.08 cents.
Finance Director BRMS Yunita Rohali in a press conference in Jakarta said the IPO proceeds will be used for expansion of mining companies.
“Through the six mines it owned, BRMS produces six mineral commodities such as gold, copper, lead, zinc, iron ore, and diamonds, as well as other valuable minerals, “she said.
PT Bumi Resources Minerals Tbk Is Now Listed On Indonesian Stock Exchange
She added, a subsidiary of BRMS, PT Gorontalo Minerals (Gorontalo), has received Forest Area Permit for exploration from the Forestry Department to begin its exploration activities and feasibility studies.
“This permit will allow Gorontalo to immediately began its exploration activities at Cabang Kiri and Sungai Mak. Gorontalo is located in Bone Belango regency, in the province of Gorontalo, Sulawesi,” she said.
She said the mineral reserve in Gorontalo are about 130 million tons. Reserves with JORC standards are expected to be completed in less than 24 months. The working area includes 36,070 hectares of concession areas where 80 percent of the area owned by the BRMS, and the remaining 20 percent owned by PT Aneka Tambang Tbk (ANTM).
The plan is, she added, for the company to build a copper concentration plant with capacity of 25 million tons per year to be able to process 0.6 percent copper and 0.6 grams / ton gold.
Meanwhile, IDX Director of Company Assessment Eddy Sugito expects BRMS to be of the preferred stock by investors in the Indonesian stock market.
BRMS shares are listed on the BEI development board. Shares listed on the Stock Exchange listing is divided into two boards, the main board and development board, where the placement of issuers and issuers who approved the listing of candidates based on meeting the requirements of initial registration in each of the recording board.
The main board is intended for prospective issuers or issuers who have a large size of shares and good track record.
Thank's for link:
0 Response to "PT Bumi Resources Minerals Tbk"
Post a Comment