Eramet cites sale process amid report of Haji Isam interest in Weda Bay
The French mining group says investors are interested in a substantial portion of its holding, but has not named potential buyers or disclosed the size of the planned sale.
Eramet Indonesia has referred questions about a reported approach by Indonesian businessman Andi Syamsuddin Arsyad, known as Haji Isam, to its parent group's disclosures on selling shares in PT Weda Bay Nickel. The company is pursuing a divestment at the nickel mine in Central Halmahera, North Maluku.
In comments reported on 12 November 2026, an Eramet Indonesia representative told CNBC Indonesia that it had no information to provide beyond Eramet Group's official statements. The representative said further developments would be communicated when available.
Bloomberg reported on 11 November, citing people familiar with the matter, that Haji Isam was considering buying Eramet's stake. Discussions remained under way and no final decision had been reached, those people said. Paris-based Eramet declined to comment, while Haji Isam did not immediately respond to a request made through PT Jhonlin Group.
Eramet has said the planned disposal forms part of efforts to reduce group debt. It said several investors had expressed interest in acquiring a significant portion of its minority holding in Weda Bay Nickel, without identifying them or specifying how much it intended to sell.
Eramet indirectly owns 38.7% of Weda Bay Nickel through Strand Minerals Pte Ltd. Strand holds 90% of the mining company and is owned 43% by Eramet and 57% by Tsingshan. PT Aneka Tambang Tbk, or Antam, owns the remaining 10% of Weda Bay Nickel.
