JAKARTA – PT Bumi Resources Tbk. (BUMI), a prominent entity co-owned by the Bakrie Group and Salim Group, has formally entered into an agreement with PT Supreme Global Investment (SGI) to acquire a significant stake in an Indonesian bauxite mining company. This strategic move marks a notable expansion of BUMI’s diversified interests within the mineral sector.
The understanding was solidified through a comprehensive term sheet signed with PT Supreme Global Investment (SGI) on September 25, 2025. This crucial document lays the foundation for BUMI to acquire a 45% shareholding in PT Laman Mining, a company actively engaged in bauxite mining operations across Indonesia.
The total purchase price for this 45% stake has been set at US$59.1 million, with payments structured into two distinct stages. According to financial reports as of September 30, 2025, and quoted on Thursday, November 13, 2025, this acquisition value translates to approximately Rp988.86 billion, based on Bank Indonesia’s Jisdor exchange rate of Rp16,732 per US dollar on November 13, 2025.
Elaborating on the payment schedule, the initial down payment of US$20 million is due by December 30, 2025. The remaining US$39.1 million will be settled once all stipulated conditions precedent are met, with a final deadline of October 30, 2026. Should PT Supreme Global Investment fail to satisfy these conditions, BUMI reserves the right to demand a refund of the down payment, alongside a 9% annual penalty, or to receive a transfer of Laman Mining shares as a form of settlement. As of September 30, 2025, the transaction remains in its pre-completion phase, with the initial down payment yet to be disbursed.
In a separate, but equally significant development, BUMI recently finalized the complete acquisition of Wolfram Limited (WFL), an Australian-based gold mining company. This transaction, valued at Rp698.98 billion or the equivalent of AUD 63.5 million, further underscores BUMI’s aggressive pursuit of business diversification.
BUMI Director R.A. Sri Dharmayanti elaborated that the company successfully concluded the purchase of the final 0.32% stake in WFL on November 7, 2025. This segment of the acquisition amounted to Rp2.21 billion or AUS$200,335, completing the initial takeover of 99.68% of shares executed in early October. “With this, the company has become a 100% shareholder in WFL, with a total value of Rp698.98 billion or the equivalent of AUD 63.5 million,” Sri Dharmayanti stated in an information disclosure on Monday, November 10, 2025.
Previously, BUMI had reported the acquisition of 99.68% of Wolfram shares on October 7, 2025, for a value of Rp696.77 billion or AUD 63.29 million. This corporate action is a pivotal component of the company’s long-term strategy to expand and diversify its business portfolio beyond the coal sector. Sri Dharmayanti reiterated, “The acquisition of WFL is a strategic step aligned with the company’s transformation plan and part of our business diversification program outside of coal.” She further added that the integration of the Wolfram gold mine is anticipated to yield positive impacts on business operations and significantly enhance shareholder value.
Summary
PT Bumi Resources Tbk. (BUMI) has signed a term sheet with PT Supreme Global Investment to acquire a 45% stake in PT Laman Mining, an Indonesian bauxite mining company. The total purchase price is US$59.1 million, with an initial US$20 million down payment due by December 30, 2025. The remaining US$39.1 million will be settled by October 30, 2026, upon meeting stipulated conditions precedent. This acquisition marks a significant expansion of BUMI’s interests within the mineral sector.
In a separate development, BUMI recently finalized the complete 100% acquisition of Wolfram Limited (WFL), an Australian-based gold mining company, for Rp698.98 billion (AUD 63.5 million). The final 0.32% stake was secured on November 7, 2025, completing the earlier takeover of 99.68% of shares. This move underscores BUMI’s aggressive pursuit of business diversification beyond the coal sector, aiming to enhance shareholder value.