Bumi Resources acquires Australian Mount Margaret for US$22 million

PT Bumi Resources Tbk (BUMI) has announced the acquisition of Mount Margaret Mining Pty Ltd, an Australian gold and copper company. The transaction, valued at US$22 million (approximately Rp398 billion), was completed on October 23, 2026, through BUMI’s wholly-owned subsidiary, Bumi Resources Australia Pty Ltd (BRA).

This acquisition is part of BUMI’s strategic transformation and diversification program to expand its business portfolio beyond the coal sector into gold, copper, and critical minerals. This move follows several other recent acquisitions in Australia, including Loyal Metals Ltd in September 2026, Wolfram Limited in late 2025, and Jubilee Metals in December 2025.

Following the announcement, BUMI’s stock remained stable at Rp140 per share. While the stock has seen a year-to-date decline of over 61%, it has shown a year-on-year increase of approximately 4.48%.