JAKARTA (Yosefardi) – Investors continues selling shares of PT Bumi Resources Minerals Tbk (BRMS), unit of giant coal miner PT Bumi Resources Tbk (BUMI), as they concern on the company’s debt issue.
At 10.17 am Jakarta time, BRMS dropped 6.5% to Rp215 per share, falling 49% from its pick year to date.
The company will face a debt maturity of US$US$406 million in September this year. As of first quarter of 2013, BRMS’ liability totaled US$546.86 million.
While its parentBumi Resources will face a debt maturity of US$150 milion due in August this year. As of first quarter of 2013, Bumi’s liability amounted US$6.96 billion. BUMI also fell 2.1% to Rp465 per share this morning.