Executive Summary

Key insights and market outlook

PT Bumi Resources Tbk (BUMI) has completed its acquisition of 64.98% stake in Jubilee Metals Limited (JML), an Australian gold mining company, for AUD 31.47 million (Rp346.93 billion). This strategic move aligns with BUMI's long-term diversification plan aiming for a 50:50 EBITDA composition between thermal coal and non-thermal assets by 2031 ¹

².

Full Analysis

02

Deep Dive Analysis

Bumi Resources Completes Strategic Acquisition of Jubilee Metals

Diversification Strategy Accelerates

PT Bumi Resources Tbk (BUMI), a leading coal producer and exporter affiliated with Bakrie Group, has successfully completed its acquisition of a 64.98% stake in Jubilee Metals Limited (JML) ¹

². The transaction, valued at AUD 31.47 million (approximately Rp346.93 billion), was executed on December 18, 2025 ¹.

Strategic Rationale

This acquisition marks a significant step in BUMI's long-term diversification strategy, aiming to achieve a 50:50 consolidated EBITDA composition between thermal coal and non-thermal assets by 2031. The move into gold mining through JML's assets in Northern Queensland, Australia, represents a key diversification beyond BUMI's traditional coal business ¹

.

Transaction Details

BUMI acquired 3,312,632 new shares issued by JML on December 18, 2025, bringing its total shareholding to 5,734,770 shares or 64.98% of JML's issued capital ²

. This transaction is part of BUMI's broader strategy to expand its presence in the mining sector beyond coal.

Market Implications

The acquisition demonstrates BUMI's commitment to reducing its dependence on coal and expanding into precious metals mining. This strategic shift is expected to enhance the company's long-term sustainability and growth prospects in a changing energy landscape.

References