Tiran Group reports Rp7 trillion investment, signs Rp15 trillion China deal

Indonesia’s Tiran Nusantara Group has invested around Rp7 trillion in mining and hospital construction and signed a separate Rp15 trillion investment agreement with China’s Conch Investment Holdings (Hong Kong) Ltd, according to group spokesperson Rezki Mulyadi.

Rezki said around Rp6 trillion had been invested in mining, supporting nickel operations with annual production capacity of 10 million tonnes. Hospital construction accounted for another approximately Rp1 trillion. He said Agriculture Minister Amran Sulaiman owns all the companies within the group.

The Conch agreement was signed in Anhui, China, on 9 October 2026 by Tiran operations director Andi Karyadi and Conch director Li Xin. It covers four planned projects: a lithium battery anode materials factory, a plastic packaging factory, a wind power plant and a waste-to-energy plant. The industrial developments are targeted to employ up to 5,000 people, with the investment partnership expected to expand in stages.

Separately, Tiran subsidiary PT Pelayaran Samudra Lamappepening holds 2% of PT Bayan Resources Tbk, according to October 2026 Indonesia Stock Exchange data cited by the company. The holding followed share transfers that changed the coal miner’s ownership structure.

The figures show PT Liqinlin Baratama holding 30.252% and Bayan founder Low Tuck Kwong holding 8.3%, compared with his previous 40.22%. Rezki said Low had offered shares to several parties before transferring some to those that agreed to transact.

In comments cited on 10 November 2026, Rezki described the purchase as a corporate transaction unrelated to Amran’s ministerial position. He said Amran had neither met nor communicated with Low. Rezki also said Amran had stopped businesses connected to the Agriculture Ministry and barred his children and family from ministry-related projects.