JAKARTA: China's US$200 billion (RM6.94b) CIC sovereign wealth fund has lent Indonesian coalminer PT Bumi Resources Tbk US$1.9 billion in its latest move to secure exposure to global commodities.

In less than a week, China Investment Corporation has also bought a 14.5 per cent stake in trading firm Noble Group for US$850 million and agreed a cooperation pact with commodity trader Glencore.

Bumi is one of Indonesia's biggest coal miners. Bumi said the cash would enable it to grow quickly and give it a stable capital structure. Bumi, which is controlled by the powerful, politically connected Bakrie family, said the firm would use the money for debt restructuring and capital expenditure.

“More importantly, the partnership creates the platform for CIC and Bumi to pursue investment opportunities jointly,” said Ari Hudaya, president director and CEO of Bumi.

Indonesia is the world's biggest exporter of thermal coal and China, a major buyer of coal, has been investing in resources globally to ensure adequate supplies of energy and minerals to feed its vast economy.