Indonesia Natural Resources (KKGI) Plans to Expand into Warehousing and Tourism Businesses

JAKARTA. The coal mining issuer, PT Resource Alam Indonesia Tbk (KKGI), has announced plans to diversify its business by adding activities outside the mining sector.

In a disclosure to the Indonesia Stock Exchange (BEI), KKGI plans to add Indonesian Standard Business Classification (KBLI) codes, including KBLI 52101 for warehousing and storage, KBLI 55900 for other accommodation provision, KBLI 68112 for tourism areas, KBLI 79911 for tourism information services, and KBLI 79912 for tourist attraction information services.

The addition of KBLI 52101 is in line with KKGI’s ownership of a building in the Samarinda area, East Kalimantan, which in recent years has no longer been used for company operational activities and is currently leased to PT Unilever Indonesia Tbk (UNVR).

“Therefore, the company intends to add KBLI 52101 to align its business activities with the warehouse leasing operations,” KKGI’s management stated in the disclosure on Monday (11/5).

From there, KKGI plans to certify the land in question, but the process is hindered by regional zoning determinations, where part of the land in Kutai Kartanegara is located in a tourism zone.

“The company is required to have a KBLI related to tourism activities as one of the requirements in the certification process,” KKGI’s management explained.

In addition to meeting zoning requirements, KKGI also needs to carry out land certification to avoid the risk of it being designated as abandoned land.

With the addition of these business activities, KKGI’s property investment will be higher as it can secure ownership of land valued at US$5.52 million, consisting of the book value of girik land at US$3.36 million and capitalised certification costs of US$2.16 million.

To facilitate the planned addition of business activities, KKGI will seek shareholder approval through the Annual General Meeting of Shareholders (AGMS) on 18 June 2026.