Aldira Sunrise 12 Desember 2024

• BRMS has high grade gold reserves in Palu
Bumi Resources Minerals (BRMS), through its subsidiary, Citra Palu Minerals (CPM),
announced mineral reserves with high-grade gold content in its underground mine in Palu.
This report was prepared in accordance with Joint Ore Reserves Committee (JORC)
standards. Based on data from CPM’s mining consultant, AMC Consultant, the reported
mineral reserves have an average gold content of 3.2 grams per ton (g/t) with a total gold
content reaching 3.54 million oz. Around 85% of these reserves come from underground
mining prospects at the River Reef location, Poboya, Palu, with gold grades reaching 4.9 g/t.
CPM also appointed Macmahon Indonesia (MMI) as the mining contractor for the Poboya
gold mine project in Palu. Macmahon Indonesia is a subsidiary of Macmahon Holdings
Limited, a company with extensive experience in open and underground mining.
Additionally, CPM also recruited several mining engineers who specialize in underground
mining and have previous experience in multinational companies, such as Rio Tinto,
Newcrest Mining, Barrick Gold, and others. (Kontan)
• COCO inaugurates new chocolate factory in Sumedang
Wahana Interfood Nusantara (COCO), a cocoa bean and chocolate processing company,
announced the official opening of a new factory in Sumedang Regency, West Java. This
facility is part of the company’s expansion strategy to increase production capacity and
support sustainable business growth. The factory stands on an area of 9,000 sqm with a
production capacity of 6,000 tons of chocolate per year. With the operation of the new
factory in Sumedang, the company’s total production capacity is targeted to increase to
20,000 tons per year. (Kontan)
• EXCL and FREN merger value reaches IDR 104T
XL Axiata (EXCL), Smartfren Telecom (FREN), and Smart Telcom (SmarTel) have reached an
agreement to merge with a combined pre-synergy value of more than IDR 104T or USD 6.5B.
If there are no obstacles, the effective date for the merger of these three companies will be
15 Apr 25. This merger will form a new telecommunications entity called XLSmart Telecom
Sejahtera (XLSmart). Later, Axiata Group Berhad and Sinar Mas will become joint controlling
shareholders, each holding 34.8% of XLSmart shares with equal influence over the company’s
strategic direction and decisions. When the transaction is completed, equal share ownership
will result in Axiata receiving up to USD 475M. Once the transaction closes, Axiata will receive
USD 400M, along with an additional USD 75M at the end of the first year. This merger is
expected to produce significant cost synergies, with estimated pre-tax synergies of USD 300-
400M after the completion of the strategic network integration process and resource
optimization. With a combined total of 94.51M cellular subscribers and a market share of 27%,
XLSmart will generate pro forma revenue of IDR 45.4T and EBITDA of more than IDR 22.4T.
(Kontan)