PT Petrindo Jaya Kreasi Tbk (IDX:CUAN) signed a conditional sale and purchase agreement to acquire PT Multi Tambangjaya Utama from PT Indika Indonesia Resources and Indika Capital Investments Pte. Ltd. for approximately $220 million on September 22, 2023. The transaction is expected to be completed with the fulfillment of condition precedents including approval from the Ministry of Energy and Mineral Resources.