This Company Owned By Conglomerate Prajogo Pangestu Expands Its Wings To Non-Coal Business

JAKARTA - PT Petrindo Jaya Kreasi Tbk (CUAN) expanded its business to the non-coal segment yakbi by establishing three new subsidiaries, one of which was Prima Mineral Investindo on August 4, 2023.

Later, Prima Mineral Investindo will act as a holding subsidiary of CUAN for a company engaged in mineral mining.

The establishment of this subsidiary is motivated by the many other minerals that become new business opportunities that can be used as diversification of the coal mining business that has been owned by a subsidiary of CUAN.

Director of Petrindo Jaya Daniel Laurente said that his party is currently conducting further research on the exploration of silica sand which can be used for the manufacture of solar panels.

"And in the coming months we plan to explore gold. Both minerals are what we focus on," Daniel said in a virtual public expose, quoted Tuesday, August 22.

In addition to Prima Mineral Investindo, the issuer affiliated with Prajogo Pangestu conglomerate also founded a subsidiary called Jasa Persada Creation.

Later, this company will become a holding engaged in mining business services. With the establishment of this company, CUAN hopes to integrate mining services in the area around CUAN's mining business license (IUP).

Then, CUAN also established Green Natural Investama as a holding subsidiary of CUAN for companies engaged in Industrial Plant Forestry.

Later, Green Natural Investama will be useful to offset carbon emissions produced by other CUAN subsidiaries in compensation for mined coal.