PT Bumi Resources Tbk

89 million), expanding its portfolio beyond coal. The transaction was executed through BUMI’s wholly owned Australian subsidiary, Bumi Resources Australia Pty Ltd (BRA), which acquired all 175,710,515 issued and fully paid-up shares in Loyal Metals on September 4, 2026. Following the acquisition, trading in Loyal Metals’ shares on the Australian Securities Exchange (ASX) was suspended at the close of trading on August 25, 2026. m. AWST. A. Sri Dharmayanti said in an official disclosure. Diversification beyond coal The acquisition forms part of BUMI’s strategy to diversify its business beyond coal, with a growing focus on the mineral sector.

The company is pursuing two key transformation pillars: expanding into gold mining while improving operational efficiency in its core coal business. Before acquiring Loyal Metals, BUMI had already begun operations at Wolfram Limited, an Australian mining company involved in gold, silver and copper. 78 grams per tonne and targeting production of 15,000 tonnes of copper equivalent in 2026. The acquisition comes as BUMI reports strong financial performance in the first half of 2026. 2 percent year-on-year (YoY). 4 percent YoY. 9 percent YoY. 11 million) per tonne.

013) per share during Monday’s trading session. 06 percent over the past five trading sessions. The acquisition strengthens BUMI’s mining asset portfolio in Australia while advancing its long-term strategy to diversify beyond coal and build new sources of growth in the mineral sector. Already have an account? Sign In This offer is open to all new subscribers!