Thursday, November 17, 2011

PT INTERNATIONAL NICKEL INDONESIA Tbk INFORMATION ON ASSESSMENT OF FURNACE #2 SHUTDOWN INCIDENT

Jakarta, November 17, 2011 – PT International Nickel Indonesia Tbk (“PTI” or the “Company”; IDX: INCO) today informs an event that occurred on November 2 at its Sorowako operations.
During a scheduled shutdown of Furnace #2 for a rebuild, high temperature molten metal from the furnace came into contact with water, resulting in a series of low intensity steam explosions. Emergency response procedures were put into action immediately and the situation was quickly stabilized. There were no injuries. An initial assessment revealed damage to control systems associated with Furnace #1 and other associated peripheral equipment. As a result, Furnace #1 remained shut down following the event while the Company proceeded with the assessment. Furnaces #3 and #4 continue to operate normally.
Based on the latest assessment it is estimated that Furnace #1 will be back in normal operation in February 2012. The estimated impact on production is approximately 4,600 metric tons, with the loss of 3,300 metric tons in 2011 and 1,300 metric tons in 2012. Based on the Company’s preliminary estimate, total repair costs will be

BUMI Plc - Interim Management Statement Production Report for Q3 2011

Bumi today issues its Production Report for the third quarter ended 30 September 2011.

Highlights
 Strong operating performances across all coal businesses.
 Third quarter group production of 23 million tonnes, up 35% over Q3 2010.
 Year-to-date total Group production of 62 million tonnes, 12% higher than year-to-date 2010.
On track to meet 2011 target of 86 million tonnes of coal.
 Realised prices for Q3 of $94 per tonne, an increase of 32% over Q3 2010.
 Agreement on re-payment of the PT Bumi Resources $251 million loan to Bukit Mutiara and
$231 million investment with Recapital.
 Successful refinancing of $600 million of the $1.9 billion CIC loan by PT Bumi Resources,
reducing its annual interest expense by around $72 million.

Development and Expansion
 Group’s expansion programme on track with 2014 target of 140 million tonnes.
 Berau Coal’s expansion plan to achieve 30 million tonnes annual production in 2014 is on
schedule.
 KPC’s expansion plans to achieve its 2014 target of 70 million tonnes is on schedule. The
Sangatta expansion is underway, with the second overland conveyor under construction,
with expected completion in the first half of 2012. The construction of the Melawan crusher
and conveyor is on track for completion in 2012. Work has commenced on upgrading the
Bengalon facilities.
 Arutmin’s volume expansion to 40 million tonnes in 2014 is on track. Construction of the
West Mulia and Asam-Asam coal processing plants and conveyors is underway with
completion expected by the middle of 2012.

Financing update
 Agreement has been reached on the re-payment of the PT Bumi Resources $231 million
investment with Recapital in H1 2012. A schedule has been agreed for early re-payment
of the PT Bumi $251 million loan to Bukit Mutiara 50% in 2012 and 50% in 2013. These
items, which were fully disclosed in the Bumi plc listing prospectus of 17 June 2011, were
discussed extensively at the Audit Committee and a schedule to secure re-payment of
these PT Bumi loans and investments and to use the proceeds to pay down debt was
presented by the Chief Financial Officer and approved by the plc Board at its meeting in
Jakarta on 12 October.
 It also is agreed that there will be progressive realisation and in all cases marking to fair
value of the business development assets in PT Bumi Resources.
 On 8 November 2011, Bumi plc announced that its associate, PT Bumi Resources, had
completed pre-payment, 2 years early, of $600 million of the $1.9 billion outstanding loan
to the China Investment Corporation. The effect of the debt refinancing will reduce PT
Bumi's annual interest expense by around $72 million. The remainder of the $1.3 billion
CIC debt is able to be pre-paid from October 2012 ($600 million) and October 2013
onwards ($700 million).

Berau Coal
Berau Coal produced 5.3 million tonnes of coal for the quarter, an increase of 23% over Q3
2010.
Year to date production was 14.3 million tonnes and is expected to meet the 20 million tonnes
target for 2011.
Year to date stripping ratio was 9.6 bcm per tonne.
Berau Coal achieved an average selling price per tonne in the third quarter of $87.0/t.

Kaltim Prima Coal (KPC)
KPC produced 11.6 million tonnes of coal, an increase of 29% from the third quarter of 2010.
Year to date production was 29.8 million tonnes, an increase of 6% over the prior period.
Production at the Bengalon mine has been behind schedule and a portion of the site has now
been subcontracted to a new contractor.
The year to date stripping ratio was 12.7 bcm per tonne. KPC achieved

Sunday, November 13, 2011

Astra Agro Lestari (AALI) CPO production during January – October 2011 reached more than 1 million tons.

During the first ten months of 2011, CPO production of AALI reached 1.05 million tonnes, an increase of 16.9% compared to the same period last year. However this increase was mainly derived from FFB production growth. As of October 2011, AALI’s FFB production increased by 15.1%, from 3.46 million tonnes in the same period last year to 3.99 millions tonnes with the average yield was 18.22 tonnes /ha. Based on FFB production composition, Sumatra region produced 1.77 million tonnes or 44.5% from the total FFB production, while Kalimantan and Sulawesi region were 36.4% and 19.1% respectively.

Industry Update : World CPO Consumption

In 2011, world CPO consumption is estimated to reach 48.91 million tonnes or increase by 5.3% compared to the previous year, amounting to 46.45 million tonnes. During this year, major CPO consumer countries will absorb 62.2% of the world total consumption or approximately 30.42 million
tonnes. Meanwhile, India as the biggest CPO consumer in the world is expected to absorb 14% of the world total consumption by the end of this year or approximately 6.84 million tonnes

Wednesday, November 9, 2011

BUMI RESOURCES Tbk PREPAYS $600 MILLION LOAN TO CIC - 2 YEARS EARLY

Jakarta, 8 November 2011
PT Bumi Resources Tbk. confirms that it has prepaid tranche 1 amounting to US$600 million to
China Investment Corporation today. This tranche was falling due on 30 September 2013 and has
been repaid almost 2 years earlier by mutual consent.
The amount repaid has been refinanced from a banking syndicate comprising of Bank of America
Merrill Lynch, Deutsche Bank, Barclays Bank and JP Morgan at coupon of ca libor + 6%.
Effectively, this now reduces the interest by ca $72 m on an annualised basis.
In 2011 PT Bumi Resources Tbk., expects coal production at 66 million tons. (10% higher than last
year). Its production expansion plans are on track to exceed 100 million tons in 2014.