Jhonlin Baratama and Bayan Resources sign conditional agreement for proposed 30% stake
The Jakarta Post reports that the proposed acquisition advanced after both parties signed a conditional sale and purchase agreement. Three Bayan subsidiaries had declared force majeure while awaiting approval of revised 2026 mining plans.
TLDR
The Jakarta Post reports that Jhonlin Baratama’s proposed acquisition of a 30 percent stake in PT Bayan Resources has advanced with a conditional agreement. Its analysis questions the role of regulatory intervention, citing the timing of the deal, three subsidiaries’ force majeure declarations amid production-quota uncertainty, and the subsequent approval of Bayan’s revised quota.
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