JAKARTA - Mining company PT ABM Investama Tbk (ABMM) opens diversification opportunities by acquiring a gold mine. 

Hans Christian Manoe, Director of ABMM, revealed that the company is looking for potential gold mines to acquire.

‘We are slowing down temporarily, but if there is an acquisition opportunity this year, we will take it,’ he said in ABMM's Media Gathering, in Jakarta, Thursday (6/3).

Hans added, ABMM will not acquire with 100% full ownership. As a first step, the company plans to become a minority shareholder with an ownership of around 25%-30%. ‘If possible, we will gradually increase the ownership,’ he explained. 

However, until now, Hans has not revealed the location of the gold mine being targeted by ABMM.

In the first trading session today (7/3), until 10:28 am, ABMM's share price rose 3.41% from IDR 3,250 to IDR 3,340 per share. In fact, in the last 5 days, ABMM's share price has jumped 10.96%. (DK/LM)