PT Delta Dunia Makmur Tbk. (DOID) has increased its ownership stake to 34.5% in Asiamet Resources Limited (AIM) through a private placement transaction equivalent to USD 4 million or IDR 62.01 billion (JISDOR exchange rate of IDR 15,506).
Ronald Sutardja, the President Director of Delta Dunia Group, stated that DOID has conducted a private placement of USD 4 million directly with Asiamet Resources Limited, listed on AIM.
"This placement adds 366,891,000 shares to the Delta Dunia Group's ownership, increasing the Group's ownership stake from 24.2% to 34.5% and reinforcing the Group's position as the largest shareholder in Asiamet," he said in an official statement, quoted on Thursday (16/11/2023).
Meanwhile, Asiamet's flagship Copper Project BKM in Central Kalimantan has completed the Feasibility Study phase. Ronald mentioned that the funds from this private placement would facilitate the progress of the BKM project through the implementation of technical aspects, contractual work, and general working capital.
He also claimed that DOID continues to support Asiamet in advancing the BKM Copper Project to the next technical stages. Copper remains a crucial and central metal for energy transition initiatives. Our diverse team collaborates closely with Asiamet, demonstrating Delta Dunia Group's commitment.
Delta Dunia Group believes that its collaboration with Asiamet, leveraging the core expertise of PT Bukit Makmur Mandiri Utama (BUMA) in mining services in Indonesia, will be part of the broader Group's commodity diversification strategy.
Delta Dunia Group remains committed to developing its ESG strategy, particularly in building the core competencies of Delta Dunia Group in providing resources needed by a transitioning world, in the most efficient and sustainable manner.
The increased stake of DOID in Asiamet strongly supports the diversification strategy, particularly focusing on potential future commodities such as copper.
"This step reaffirms Delta Dunia Group's dedication to strategic growth and adaptation to the dynamic commodity landscape, emphasizing our commitment to long-term success by prioritizing sustainability initiatives," added Ronald.
Image source: deltadunia.com
