JAKARTA. PT Central Omega Tbk (DKFT) has purchased 75% of PT Afit Lintas Jaya, a company that owns a mining business license of limestone production, for a price of IDR 10 billion.
Feni Silviani Budiman, Director of DKFT, explained that Afit Lintas Jaya’s shares were acquired through its subsidiary, PT Mulia Pacific Resources (MPR). “The acquisition of Afit’s shares by MPR is the company’s strategy to maintain the raw materials supply chain for its nickel smelting facility production,” she added in the information disclosure in Indonesia Stock Exchange (IDX).
At the same time, Budiman also confirmed that Afit’s mining produce is quicklime or unslaked lime (CaO). This compound will then be utilised as the raw material used for the nickel smelting industry, which will be established in North Morowali, Central Sulawesi, and several surrounding areas.
Based on idnfinancials.com data, DKFT also bought land of 25.3 hectare (Ha) in North Morowali last Tuesday (11/1). It was said to support the needs of the nickel smelting facility of the company.
For the record, DKFT recorded cash and cash equivalents of IDR 165.23 billion as of September 30, 2021. Meanwhile, its total assets reached IDR 2.65 trillion. From January to September 2021, the company scored sales of IDR 1.1 trillion. (KR/ZH)