Indonesian miners UNTR, NCKL, and ERAA announce buybacks, smelter expansion, and dividends

PT United Trada allocates Rp2 trillion for share repurchases while Vale Indonesia accelerates smelter projects and Merdeka Gold sets cash dividends, supporting a 0.92% gain in the IHSG.

By Handelsavisen Newsroom · Automated 2026-07-02 01:49 UTC · 1 min read

PT United Trada (UNTR) has allocated Rp2 trillion for a share buyback program, signaling confidence in its valuation and commitment to returning capital to shareholders.

The move comes as the Indonesian stock market closed higher, with the Jakarta Composite Index (IHSG) rising 0.92% to 5,695.12 on Wednesday, July 1.

The broader market rally was supported by gains in major blue-chip stocks including Bank Rakyat Indonesia (BREN), Telkom Indonesia (TLKM), and Bank Permata (BRPT), offsetting declines in banking giants Bank BRI and Bank Mandiri.

In the mining sector, Vale Indonesia (NCKL) is accelerating its smelter expansion projects, aiming to increase downstream processing capacity and capture higher value from nickel production.

This strategic push aligns with Indonesia’s broader policy goals to boost domestic industrialization and reduce reliance on raw material exports.

Meanwhile, Merdeka Gold (ERAA) has announced a cash dividend of Rp25 per share, rewarding investors amid strong performance in the precious metals segment.