Bumi Resources corrects LM acquisition value to AUD 79.07 million, equivalent to IDR 1 trillion

Reuters2026/09/10 12:13

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Bumi Resources clarified the LM acquisition value at AUD 79.07 million, equivalent to IDR 1 trillion using the Sept. 1, 2026 BI rate.
Funding split between a USD 54 million Glencore Australia Holdings loan, equivalent to IDR 958.28 billion, with the balance from internal cash.
Highway Copper Gold unit holds a production operation license; lithium concessions remain in exploration, including a 49% interest in one asset.
LM projects are not yet generating revenue; Highway Reward Copper-Gold Mine revenue targeted in year two, lithium timing pending exploration results.
Acquisition expected to affect financial statements for the period ending Sept. 30, 2026; no other undisclosed material events flagged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Bumi Resources Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32147265) on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bumi Resources corrects LM acquisition value to AUD 79.07 million, equivalent to IDR 1 trillion

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