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flag Jardine Cycle & Carriage acquires Indonesian gold mining firm Arafura Surya Alam for $540M to expand mineral ventures.

flag Jardine Cycle & Carriage, a Singapore-based company, announced the acquisition of Indonesian gold mining firm Arafura Surya Alam for $540 million. flag This deal, aimed at expanding United Tractors' mineral sector business, involves two subsidiaries purchasing shares of ASA, which owns a 4,000-hectare gold mining site in North Sulawesi. flag The transaction, subject to regulatory approval, is expected to close by December 23, 2025.

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