Jakarta – Arsari Tambang, a mining company affiliated with Prabowo subianto’s sister, Titiek Soeharto, through the Arsari Group, is targeting the acquisition of Canadian mining assets valued at IDR 7 trillion (approximately $438 million USD). The company aims to finalize the purchase by June 2026.
President Director of Arsari Tambang, Aryo Djojohadikusumo, confirmed the ongoing negotiations but declined to disclose specific details about the target company or mine. “We are still negotiating and this will only be completed next year. The acquisition value is around IDR 7 trillion. At the latest we wont to finish in June 2026,” Aryo stated following the 2025 Minerba Convex in Jakarta on Wednesday,October 15,2025.
Aryo indicated that a formal announcement will follow the completion of the financial closing of the deal.He emphasized the strategic importance of the Indonesia–Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) in facilitating such investment opportunities,believing it will broaden trade and investment prospects for both nations.
“Well, this is an opportunity for us make money abroad and also contribute to investment in Indonesia,” Aryo explained. “So, Canada, the european Union, and now, thank God, there are also many investment opportunities in Africa.”
The move signals arsari Group’s expanding international footprint, building on existing investments across multiple continents. Arsari Tambang’s pursuit of Canadian assets reflects a growing trend of Indonesian companies seeking to diversify their portfolios and secure resources globally.
(igo/fdl)