Singapore, July 03, 2014 -- On 3 July 2014, PT Bumi Resources Tbk. (Bumi) (Ca Stable) announced that it has transferred a 19% stake in Kaltim Prima Coal (KPC) to China Investment Corporation (CIC). In exchange, CIC will forgive roughly $950 million of the $1,989 million of loans, accrued interest and other make whole costs due from Bumi.
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