DEWA Subsidiary Takes Control of Gayo Mineral Resources in Aceh
Fri 28 Nov 2025, 04:26 AM
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PT Darma Henwa Tbk (DEWA) reported that its subsidiary has officially become the controlling shareholder of PT Gayo Mineral Resources (GMR), a mining company engaged in gold, copper, and other minerals in Gayo Lues, Aceh.
Cited from the information disclosure on Friday (Nov 28), DEWA’s subsidiary that is now the controller of GMR is PT Mahadaya Imajinasi Nusantara (MIN). MIN holds 99.75 percent of GMR’s shares, comprising 40,000 series A shares and nearly 63.83 million series B shares. The remaining 0.25 percent of GMR is held by Atlas Energy Investment Ltd.
“MIN is a controlled company, 99.75 percent of whose shares are owned by the Company through PT Sabina Mahardika,” said Darma Henwa Director & Corporate Secretary, Mukson Arif Rosyidi, in his statement.
Previously, the Ministry of Energy and Mineral Resources (ESDM) had issued a letter approving the change in GMR’s share ownership. The letter was granted based on the Ministry’s evaluation of the administrative, technical, environmental, and financial requirements submitted by GMR.
Since 2021, GMR has been recorded as one of Darma Henwa’s affiliated entities. GMR is currently developing an underground copper mine in Gayo. Mineral exploration in Gayo Lues itself focuses on two main prospects: Tengkereng Hulu and Tengkereng Hilir. A JORC-compliant reserve statement is targeted to be published in 2027.
Approval of the change in GMR’s shareholder structure will result in GMR’s financial statements being consolidated with DEWA’s financial statements. In 2025, the company is targeting EBITDA of IDR 1.7 trillion. Meanwhile, net profit is projected at IDR 490 billion.
DEWA’s shares rose 1.41 percent to IDR 430 on Friday (Nov 28) at 14:55 WIB. According to IDX Mobile, trading volume reached 330 million shares, with a transaction value of IDR 142 billion and 14,900 trades.
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