Business · Companies · 3 hrs ago
BIKE Buys 72% of Berau Usaha Mandiri as MAHA Wins Coal Transport Contract
Indonesian company BIKE has expanded into energy and mining by buying 72% of Berau Usaha Mandiri through its subsidiary, Prambanan Nusantara Energi.
Berau Usaha Mandiri has a coal mining concession of about 500 hectares in Berau, East Kalimantan.
About 400 hectares have been explored, with proven reserves of around 22 million metric tons.
BIKE aims for the mine to produce 1.5 million to 2.5 million metric tons of coal each year, but it says other expansion plans are still under review.
Separately, coal transport company MAHA won a contract from Ade Putra Tanrajeng, a subsidiary of Kutai Bara Nusantara.
The contract is estimated at Rp2.2 trillion and runs through 2030, with its contribution to MAHA’s revenue depending on how the work is carried out.
The deal adds to MAHA’s work and customer base in coal transport.
BIKE acquired a 72% stake in Berau Usaha Mandiri through its subsidiary Prambanan Nusantara Energi.
Berau Usaha Mandiri holds a coal-mining concession of about 500 hectares in Tanjung Redeb, Berau, East Kalimantan.
MAHA won a coal-transport services contract valued at an estimated Rp2.20 trillion, running through 2030.
The contract is worth an average of about Rp550 billion per year, or around 17% of MAHA’s estimated annual revenue.
BIKE said the acquisition supports its business transformation and diversification, while MAHA said the contract expands its work portfolio and customer base.
- Who
- BIKE, through its subsidiary Prambanan Nusantara Energi, acquired the stake. MAHA won the coal-transport contract.
- What
- BIKE acquired 72% of Berau Usaha Mandiri, and MAHA secured a coal-transport services contract worth an estimated Rp2.20 trillion.
- When
- The article was published on October 12, 2026. MAHA’s contract runs through 2030.
- Where
- Berau Usaha Mandiri’s coal concession is in Tanjung Redeb, Berau, East Kalimantan.
- Why
- BIKE said the acquisition is part of its business transformation and diversification. The contract expands MAHA’s work portfolio and customer base.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
MAHA reported revenue of Rp1.65 trillion and net profit of Rp142.13 billion.
Detik reported BIKE’s acquisition of a 72% stake in Berau Usaha Mandiri and MAHA’s new coal-transport contract.
MAHA’s coal-transport contract is scheduled to run until this year.
- BIKE stake acquired
- 72%
- Berau Usaha Mandiri concession
- About 500 hectares
- Proven coal reserves
- About 22 million metric tons
- MAHA contract value
- Estimated Rp2.20 trillion
- MAHA contract term
- Through 2030
Sources
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