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United Tractor (UNTR) Officially Acquires the Stargate Nickel Mine for IDR 3.22 Trillion


Tue 05 Dec 2023, 12:00 PM



PT United Tractors Tbk. (UNTR) announced that it had acquired the Stargate mine for IDR 3.22 trillion.

UNTR acquired PT Stargate Pacific Resources (SPR) which is owned by PT Anugerah Surya Pacific Resources (ASPR) and PT Anugerah Surya Investama (ASI). Meanwhile, UNTR acquired Stargate through PT Danusa Tambang Nusantara (DTN), whose shares are controlled by the company.

The mining issuer acquired Stargate by carrying out two transactions. First, UNTR acquired 70% of Stargate shares from ASPR for 69.9991% of shares owned and ASI for 0.0009% of shares amounting to IDR 3.18 trillion.

Then, UNTR acquired 69% of the shares owned by ASPR in Stargate Mineral Asia (SMA) and 1% of the shares owned by SPR for the takeover of shares in SMA amounting to IDR 41.9 billion.

This amount is equivalent to 70% of all issued and fully paid share capital in SMA.

Previously, United Tractors Corporate Secretary Sara K. Loebis said that PT Danusa Tambang Nusantara (DTN) signed a share sale and purchase agreement (conditional share sale and purchase agreement t/CSPA) for Anugerah Surya Pacific shares on October 16 2023.

DTN bought 33.33% of Anugerah Surya Pacific (ASPR) shares from PT Kalira Pascama (KP), 16.67% shares from PT Bintang Prima Investama (BPI), and 16 shares from PT Anugerah Dayakaya Angkasa (ADA). 67% shares.

"The aim of this transaction is to add to UNTR's diversified portfolio of business activities as part of a sustainable strategy and continue the broader development of the business group in the nickel sector ," said Sara in an information disclosure, Wednesday (18/10/2023).

After signing the entire CSPA, said Sara, both DTN and ASPR, KP, BPI and ADA will fulfill the preliminary conditions (condition precedents ) with the final date for completion falling no later than December 31, 2023 or at another time agreed by DTN and ASPR , KP, BPI and ADA.

For your information, UNTR previously established strategic cooperation with ASPR in December 2022. At that time, UNTR acquired the nickel mining company PT Stargate Pacific Resources (SPR) and the nickel processing company (smelter) PT Stargate Mineral Asia (SMA) on December 3 2022, with total transactions of IDR 4.27 trillion.

Stargate Pacific Resources is a nickel mining company located in North Konawe, Southeast Sulawesi. SPR is a company resulting from a merger or joint venture between Risjadson Group, Indonesia and Glencore International AG, Switzerland.

In April 2017, Anugerah Surya Pacific Resources (ASPR) took 100 percent ownership in Stargate, with the aim of developing the Stargate nickel project from a mining operation only, to processing nickel for ferronickel and new energy nickel battery materials.

SPR is the holder of a mining permit on land with an area of ​​around 1,647 hectares (ha).

In 2021, ASPR itself is known to be building a ferronickel smelter which produces nickel pig iron and an industrial area in North Konawe ASPIRE Stargate Industrial Park through SMA.

Image source: UNTR

Source: Tractor (UNTR) Resmi Akuisisi Tambang Nikel Stargate Rp3,22 Triliun


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