Jakarta – Arsari โTambang, a mining company affiliated with Prabowo subianto’s sister, Titiek Soeharto, through the Arsari Group, isโ targeting the acquisition of Canadian โฃmining โฃassetsโค valued at IDRโ 7 trillion (approximately $438 million USD). Theโ company aims to finalizeโข the purchaseโ by June 2026.
President Director of Arsariโฃ Tambang, Aryo Djojohadikusumo, confirmed the ongoing negotiations โbut declined to disclose specific details about the target company or mine. “We are still negotiatingโฃ and this will only be completed nextโค year. The acquisition value is around IDR 7โข trillion.โ At the โคlatest we wontโค to finish in June 2026,” Aryo stated โfollowing the 2025 Minerbaโค Convex in Jakarta โคon Wednesday,October 15,2025.
Aryo indicated that a formal announcement will follow the completion of the financial closing of the deal.He โemphasized the strategic importanceโ of the Indonesia–Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) โฃin facilitatingโ such investment โopportunities,believingโ it will broaden trade and investment prospects for both nations.
“Well, this is an opportunity for us make โฃmoney โฃ abroad and also โขcontribute to investment in Indonesia,” Aryo explained. “So,โข Canada, the europeanโ Union,โ and now, thank God, there are also many investment opportunities in Africa.”
The move signalsโค arsari Group’s expanding international footprint, โbuilding on existing investmentsโ acrossโ multiple continents. Arsari Tambang’s pursuit โฃof Canadian assets reflects a โฃgrowing trend of Indonesian companies seeking to diversify their โคportfolios and secure resources globally.
(igo/fdl)