Indonesia's Danantara Explores Nickel Downstream Opportunities, Considering PT Gunbuster Nickel Industry Acquisition

Published: Jul 27, 2025 12:16

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【SMM Flash News】Danantara, Indonesia's state-owned investment management body, is exploring opportunities in nickel downstreaming to strengthen the country's position in the global metals industry. One key initiative under consideration is the potential acquisition of PT Gunbuster Nickel Industry (GNI), a smelter in Central Sulawesi currently facing severe financial difficulties, with most of its production halted since early 2024. Danantara CEO Rosan Roeslani confirmed that the plan is still under evaluation, with state mining holding company Mind ID likely to become the primary partner in the deal. Danantara is reportedly preparing an investment package exceeding US$20 billion, alongside a US$60 million syndicated loan to support GNI’s liquidity.

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