BUMI Acquires Loyal Metals (LLM) for IDR 1 Trillion, Gaining Gold and Copper Assets in Australia
Mon 07 Sep 2026, 15:43 PM
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PT Bumi Resources Tbk. (BUMI), through its Australian subsidiary Bumi Resources Australia Pty Ltd (BRA), has acquired 100% of the shares of Loyal Metals Ltd. (LLM), an Australian copper and gold mining company, in a transaction valued at IDR 1 trillion.
Bumi Resources Director R.A. Sri Dharmayanti said the transaction was carried out on September 4, 2026, through BRA, a BUMI subsidiary wholly owned by the company.
“The company, through its Australian subsidiary Bumi Resources Australia Pty Ltd, which is a subsidiary of the company established under Australian law and 100% owned by the company, has carried out an acquisition transaction for 175,710,515 shares, representing 100% of the issued and fully paid-up shares of Loyal,” BUMI said in an information disclosure on Friday (September 4, 2026).
With the transaction, BUMI, through BRA, has become the 100% shareholder of Loyal Metals Ltd., a company established under Australian law.
The acquisition transaction was valued at IDR 1,004,742,244,136.50 (IDR 1 trillion), equivalent to AUD 79,069,731.75. As a result, Loyal Metals is now fully indirectly owned by BUMI through BRA.
As Indonesia’s largest coal producer, BUMI is stepping up its business diversification strategy.
Previously, PT Bumi Etam Chemical (BEC) held the groundbreaking ceremony for the national strategic project (PSN) to gasify coal into methanol on Monday (August 31, 2026).
The project is located in the Batuta Chemical Industrial Park (BCIP) area, Bengalon District, East Kutai Regency, East Kalimantan. Construction will utilize approximately 93 hectares of land.
The joint venture between two subsidiaries of PT Bumi Resources Tbk (BUMI), namely PT Arutmin Indonesia and PT Kaltim Prima Coal (KPC), targets production of around 2 million tons of methanol per year and has the potential to save up to IDR 7.1 trillion in foreign exchange annually.
BEC President Director Rio Supin said the company has entered the engineering stage through the preparation of a Front-End Engineering Design (FEED) and an Engineering, Procurement, Construction, and Commissioning (EPCC) Framework Agreement with PT Istana Karang Laut (IKL) and China National Chemical Engineering Co., Ltd. (CNCEC) since July 29, 2026.
“Indonesia’s first coal gasification project is ready to enter the implementation stage, with commissioning targeted for 2029. BEC is ready to support national energy independence and resilience,” Rio said.
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