Bumi Resources corrects LM acquisition value to AUD 79.07 million, equivalent to IDR 1 trillion
Reuters2026/09/10 12:13- 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.
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