BUMI Expands into Gold Mining and Joins a Prestigious Index

PT Bumi Resources Tbk (BUMI), is back in the spotlight after executing a strategic expansion into overseas mining. The company is not only broadening its gold-mining portfolio in Australia, but has also scored a milestone by joining three prestigious equity indices on the Indonesia Stock Exchange (IDX). The combination of aggressive corporate actions and market recognition underscores BUMI’s position as a dynamic and influential issuer in coal and broader mining.

Latest BUMI Analysis

BUMI is currently pressing ahead with business expansion by acquiring Australian gold miner Jubilee Metals Limited (JML). This move follows BUMI’s successful takeover of 99.68% of Wolfram Limited, an Australia-based gold and copper mining company. The JML acquisition is being carried out via a debt-to-equity conversion and new share issuance, to be executed in seven stages from May 2025 to August 2026.

Once the process is complete, BUMI will control approximately 64.98% of JML. This strategy highlights BUMI’s effort to diversify beyond coal, particularly into gold and copper, which offer strong long-term prospects. The total value of the JML conversion and share purchases is about AUD 13.5 million, or more than IDR 120 billion, reflecting the company’s commitment to developing overseas mining assets.

On performance, as of the third quarter of 2025 BUMI booked net profit of USD 29.4 million (around IDR 490 billion). Although this figure fell 76% year-on-year, revenue actually rose 11.9% to USD 1.03 billion. Rising revenue alongside lower profit suggests margin pressure, likely due to expansion costs and global commodity price volatility.

Meanwhile, BUMI’s shares achieved an important milestone by entering three major IDX indices—LQ45, IDX80, and the Bisnis-27 Index—for the period 3 November 2025 to 30 January 2026. This placement reflects strong liquidity and fundamentals, with BUMI contributing 0.73% to the LQ45 index and a market capitalization of IDR 52.7 trillion. Its 29.19% free float also reinforces BUMI’s status as one of the most liquid coal-sector names.

In valuation terms, BUMI’s price-to-book value (PBV) stands at 1.17x, indicating a relatively healthy valuation amid market volatility. With a combination of aggressive expansion and market recognition, BUMI appears intent on strengthening its position not only as a national coal player but as a diversified mining entity attractive to both domestic and global investors.

Source: https://ajaib.co.id/belajar/berita/bumi-terbaru-ekspansi-tambang-emas-dan-masuk-ke-indeks-bergengsi

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