JAKARTA – Bhineka Inovasi Ketahanan Energi (IDX: BIKE) is making a strategic power play, announcing through its subsidiary, PT Prambanan Nusantara Energi, the acquisition of a controlling 72% stake in coal mining firm PT Berau Usaha Mandiri. This move signals a significant acceleration in BIKE’s ambitious strategy to diversify its portfolio and cement its position within the dynamic energy sector.

Strategic Expansion: A New Coal Cornerstone

The acquisition, detailed in a recent company announcement, positions BIKE at the heart of Indonesia’s robust coal landscape. While the specific transaction value remains undisclosed, the strategic implications are clear: BIKE is investing in tangible assets with substantial potential.

Unlocking Substantial Reserves in East Kalimantan

PT Berau Usaha Mandiri holds a coveted 500-hectare mining concession in East Kalimantan, a region synonymous with high-quality coal production. The true gem in this acquisition is its verified resource base:

• Proven Reserves: An impressive 22 million metric tons of coal, providing a solid foundation for long-term operations.
• Production Targets: BIKE’s management has set an ambitious annual production target for PT Berau Usaha Mandiri, aiming for between 1.5 million to 2.5 million metric tons. This output is poised to significantly bolster BIKE’s revenue streams and operational scale.

Powering Future Growth: BIKE’s Energy Pivot

This strategic maneuver is more than just an asset acquisition; it represents a fundamental shift in BIKE’s corporate trajectory. The company explicitly states that this is part of its overarching strategy to:

• Expand Portfolio: Broadening its asset base beyond existing operations.
• Diversify Revenue Streams: Reducing reliance on any single sector and building resilience.
• Transform into an Energy Powerhouse: Solidifying its identity as a key player in the energy industry, poised to capitalize on ongoing demand.

By integrating PT Berau Usaha Mandiri into its fold, BIKE is not just acquiring a coal mine; it’s securing a direct conduit to future energy markets, strengthening its operational resilience and paving the way for sustained growth. This strategic initiative underscores BIKE’s proactive approach to navigating the evolving energy landscape, ensuring it remains a formidable force for years to come.