Global Players in Extractive Industry

Indonesian extractive industry used to have global names in it. BP and BHP Billiton in coal, Newmont in gold-copper, and Rio Tinto in nickel. Bakrie Group took over BP and BHP’s thermal coal assets, while Adaro Energy took over BHP’s coking coal. Some groups acquired gold-copper-silver assets from Newmont. Medco/Panigoro for Newmont’s Batu Hijau, Martua Sitorus-Djarum for Martabe gold (indirectly), etc.

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