IDX, IAGI, PERHAPI extend cooperation on IPO

The Indonesian Stock Exchange, the Indonesian Federation of Geology Experts (IAGI), and the Indonesian Mining Experts Association (PERHAPI) have extended their cooperation on supporting mining companies to list on the stock exchange.

The extension of the cooperation agreement was signed by President Director of IDX, Inarno Djajadi, the Head of IAGI Sukmandaru Prihatmoko and Chairperson of PERHAPI Rizal Kasli on June 19, 2020. The cooperation is extended for 5 years.

Director for Company Assessment of IDX, I Gede Nyoman Yetna said the IDX management welcomes the cooperation between IDX, IAGI, and PERHAPI that has been established since 2014 aiming at supporting the mining industry listed on the IDX.

Read also: IDX to ease listing requirement for mining firms

In the period of 2005-June 12, 2020, the total funds generated by mining companies through an initial public offering (IPO) had reached Rp39.26 trillion.

The cooperation has had a positive impact on the national economy, the capital market development as well as general public investors as investors have a variety of options to invest.

IAGI and PERHAPI have the interest to maintain the quality of operation of mining industries in Indonesia. Both associations whose members are nearly 8,000 have played a role in mining operation standards and support the development of competent human resources in the mining industry.

Editing by Roffie Kurniawan