#Gold
Bumi Resources to secure US$600 M loan for expansion, underground mining projects
Gold mining company PT Bumi Resources Minerals (BRMS), part of the Bakrie Group, plans to sign a US$600 million syndicated loan agreement (Rp10.03 trillion) with a consortium of foreign and local banks.
Govt weighs domestic market obligation for gold to support Antam’s supply shortfall
The Ministry of Energy and Mineral Resources (ESDM) is studying the possibility of introducing a Domestic Market Obligation (DMO) policy for gold, in an effort to help State-owned miner PT Aneka Tambang (Antam) overcome a severe supply shortage.
Merdeka Gold Resources shares soar 25% on market debut despite losses
Shares of mining company PT Merdeka Gold Resources (EMAS) surged 25 percent on their trading debut at the Indonesia Stock Exchange (IDX) on Tuesday, September 23, 2025 closing at Rp3,600, although the gold-focused subsidiary of PT Merdeka Copper Gold (MDKA) is still recording losses.
Jardine C&C subsidiaries to acquire Indonesian gold miner for US$540 million
A Singaporean based investment holding company, Jardine Cycle & Carriage (Jardine C&C) announced on Monday, September 15, 2025 that two of its indirect subsidiaries have agreed to purchase Indonesian gold mining company Arafura Surya Alam (ASA) in a deal valued at US$540 million (Rp8.9 trillion).
Gold prices volatile amid U.S. fiscal concerns, geopolitical tensions: Analyst
Gold prices (XAU/USD) exhibited heightened volatility throughout the week, driven by escalating geopolitical tensions, shifting U.S. fiscal dynamics, and mixed economic data, an analyst says.
Prabowo inaugurates Indonesia's gold bank to strengthen gold industry ecosystem
President Prabowo Subianto inaugurated the Gold Bank Service (Bullion Pawnbroker Bank) and Bank Syariah Indonesia (BSI) on Wednesday, February 26, 2025, targeting the gold bank existence to strengthen the national gold industry ecosystem.