Does UNTR’s Stock Rebound Signal Martabe Gold Mining Permit Will Remain?
UNTR stock rebounds 23% after Martabe permit revocation, yet remains 6% below pre-announcement levels. Foreign investors eye regulatory outcomes.
(Bisnis.Com) 01/01/70 07:00 146941
Bisnis.com, JAKARTA — PT United Tractors Tbk. (UNTR) stocks have returned into a measured rebound trend since Jan. 21, 2026, one day after the Indonesian government unveiled its decision to revoke the Martabe gold mining permit held by PT Agincourt Resources.
Agincourt, an affiliate of UNTR, was among 28 companies operating in Sumatra whose permits were revoked by President Prabowo Subianto over alleged violations in forest land utilization that were linked to hydrometeorological disasters. The announcement was conveyed by the Forest Area Enforcement Task Force (Satgas PKH) at a press briefing on Tuesday (2/20/2026).
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