×

Bumi Resources director says split proposal is a 'win-win'

JAKARTA, Oct 11 (Reuters) - Bumi Resources sees a proposal to part ways with London-listed coal conglomerate Bumi Plc as a positive development for both sides, a company director said on Thursday.

"The development appears positive and a likely all round win-win," said Bumi Resources director and corporate secretary Dileep Srivastava.

"We are focused on operational excellence: to reach 100 million tons production in 2014, deleverage and cut interest charges, look to monetise assets expeditiously at fair prices and thereby unlock our intrinsic value - without distractions," he said.

(Reporting by Fergus Jensen; Writing by Matthew Bigg; Editing by Ken Wills)

((matt.bigg@thomsonreuters.com)(+62)(0)(21 3199-7170)(Reuters Messaging: matt.bigg.thomsonreuters.com@reuters.net))

Keywords: BUMI RESOURCES/STATEMENT