[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 2 sources · 25 days · First seen · Last updated

Bumi Resources group mining expansion

Overview

The Bumi Resources group is pursuing strategic expansion and diversification into gold, copper, and critical minerals.

In early October 2026, directors at PT Bumi Resources Minerals Tbk (BRMS) increased their shareholdings, signaling confidence in the company’s growth. This growth is linked to the development of an underground gold mine in Palu and plans to increase plant capacity from 500 to 2,000 tons of ore per day, with high-grade projects expected to begin operations by mid-2027.

By late October 2026, PT Bumi Resources Tbk (BUMI) expanded its international footprint by acquiring the Australian gold and copper company Mount Margaret Mining Pty Ltd for US$22 million. This acquisition, completed through its subsidiary Bumi Resources Australia Pty Ltd, follows a series of other Australian acquisitions intended to transition the company’s portfolio beyond the coal sector.

Entities

PT Bumi Resources Minerals Tbk · Adika Aryasthana Bakrie · Mount Margaret Mining Pty Ltd · Palu · Indonesia

Timeline

  1. [BUSINESS] 2 sources
    Bumi Resources acquires Australian Mount Margaret for US$22 million

    PT Bumi Resources Tbk has acquired 100% of Australia's Mount Margaret Mining Pty Ltd for US$22 million to diversify its portfolio into gold and copper.

  2. [BUSINESS] 2 sources
    Bumi Resources Minerals directors increase shareholdings

    Directors of PT Bumi Resources Minerals Tbk (BRMS) are increasing their shareholdings amid plans to expand gold mining operations in Palu and boost plant capacity by mid-2027.

Sources

cnbcindonesia.com · katadata.co.id