After Acquiring a Gold Mine, UNTR Now Establishes a New Nickel Company
Wed 03 Dec 2025, 04:15 AM
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PT United Tractors Tbk. (UNTR) announced the establishment of a nickel industry entity, PT Nusantara Industri Nikel Lestari (NINL). The company was founded by UNTR’s subsidiaries that are directly or indirectly 100% owned.
Citing the public disclosure, specifically PT Danusa Tambang Nusantara (DTN) and PT Energia Prima Nusantara (EPN). NINL’s establishment is set forth in Deed of Establishment No. 125 dated 21 November 2025 and has been approved by the Decree of the Minister of Law of the Republic of Indonesia No. AHU0103497.AH.01.01.TAHUN 2025 dated 2 December 2025.
DTN holds 9,990,000,000 NINL shares, equivalent to 99.90% ownership. Meanwhile, EPN holds 10,000,000 NINL shares, or 0.10%.
“NINL will engage in the manufacture of basic non-ferrous metals and the wholesale trade of metals and metal ores,” said United Tractors Corporate Secretary, Ari Setiyawan, in the public disclosure quoted on Wednesday (3/12/2025).
He further explained that NINL’s establishment is a continuation of the UNTR Group’s steps to diversify its business activities through controlled subsidiaries by developing operations in nickel mineral services and processing.
“The equity participation of DTN and EPN in NINL has no material impact on the Company’s current operations, legal standing, or financial condition,” Ari said.
UNTR is known for actively expanding into the minerals and renewable energy sectors. Previously, the Astra Group subsidiary announced the acquisition of shares in two gold-mining entities through its subsidiaries. The transactions were carried out on 12 September 2025 with an enterprise value of USD 540 million, or around IDR 8.85 trillion.
United Tractors (UNTR) has also added to its portfolio in new and renewable energy (NRE). One example is the development of the Besai Kemu Minihydro Power Plant (PLTM) in Way Kanan, Lampung.
The Besai Kemu PLTM is operated by PT Energia Prima Nusantara (EPN) and PT Uway Energi Perdana (UEP), both UNTR subsidiaries. This run-of-river plant has a capacity of 2 × 3.5 MW and can generate around 33.4 GWh of electricity per year, which is supplied to PT PLN (Persero) as the single offtaker.
With that capacity, the Besai Kemu PLTM can supply electricity equivalent to the needs of 16,000 to 22,000 households annually. This is seen as part of the company’s efforts to promote domestic NRE development.
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