OV9 Infinity Limited, a prominent commodities trading company in Southeast Asia, has recently finalized the acquisition of a 15% stake in a gold mine located in Lalundu Village, Dolo District, Donggala Regency, Central Sulawesi Province, Indonesia. This strategic acquisition was completed through PT Mega Artha Lestari and PT Resources Energi Indonesia, representing a significant development in the company’s efforts to bolster its footprint in the ASEAN region’s resource sector. The acquisition, valued at USD 10 million, has been fully settled with all necessary documentation in place, officially positioning OV9 Infinity and its founder, Oum Valentin, as key stakeholders in one of Indonesia’s most gold-rich areas.
The newly acquired gold mine spans 1,520 hectares and is set for a substantial production boost. OV9 Infinity aims to employ state-of-the-art technology and advanced machinery to enhance output from its current capacity of 5 kg of gold per week to at least 100 kg. This increased production will not only contribute to the company’s revenue growth but also align with its broader mission of driving economic progress within the ASEAN region, emphasizing the significance of essential commodities like gold.
Financial Backing and OV9’s Resilient Comeback
The acquisition serves as a critical step in OV9’s journey of expansion and recovery after overcoming significant financial hurdles. A substantial equity investment from a Singapore-based trust fund has provided the much-needed financial leverage for this acquisition. While the investor’s identity remains undisclosed, the fund’s support has been crucial in stabilizing OV9’s financial standing and laying the groundwork for further growth in the ASEAN commodities sector. The backing has enabled OV9 to not only secure the Indonesian gold mine but also prepare for additional ventures across the region.
Oum Valentin, Chairman of OV9 Infinity Limited, expressed optimism about this achievement, stating, “The acquisition of a 15% stake in the Central Sulawesi gold mine is a key step in advancing our strategic objectives in the region. We are committed to responsible mining practices and transparent collaboration with local stakeholders. The recent equity injection from our Singaporean partner has been instrumental in driving OV9’s growth trajectory, setting the stage for more acquisitions across ASEAN’s dynamic mining sector.”
Next Steps: Credit Activation and Portfolio Expansion
Following the acquisition, OV9 is focusing on activating a Standby Letter of Credit (SBLC) to secure additional funding for equipment upgrades and increased operational capacity. This credit line is vital to facilitating the efficient scaling of production and ensuring effective cash flow management. The SBLC will also support the acquisition of similar assets, enabling OV9 to invest in other high-potential mining ventures across Southeast Asia, further broadening its portfolio.
Future Growth Plans: Beyond Central Sulawesi
OV9 Infinity’s vision extends beyond the Central Sulawesi mine, with plans to explore additional opportunities in gold, energy, and other essential commodities across the ASEAN region. The acquisition of stakes in PT Mega Artha Lestari and PT Resources Energi Indonesia is just the beginning of OV9’s broader expansion strategy.
Key Focus Areas for OV9’s Future Growth:
- Broader Mining Investments: The company aims to acquire and develop additional resources, focusing not only on gold but also on other essential commodities that contribute to regional economic development.
- Increased Production Capacity: OV9 plans to integrate cutting-edge technology to boost production levels, aiming for a tenfold increase in the Central Sulawesi mine’s output.
- Responsible Mining Practices: As part of its long-term strategy, OV9 is committed to responsible mining operations, ensuring compliance with local regulations and sustainable development goals in alignment with ASEAN’s economic aspirations.
Strategic Partnerships and Equitable Returns
The successful acquisition has been made possible with the support of key partners, including Yupi Haryanto, Honorary Ambassador to the Royal Families of Indonesia, and Felisia Candra Kirana Evans. Both have become shareholders in OV9, contributing to a collaborative vision for growth within the ASEAN region.
OV9 plans to distribute dividends from the venture either weekly or monthly, based on mutually agreed terms that ensure equitable returns for all parties. The aim is to create a transparent framework that benefits all stakeholders, while simultaneously enhancing the company’s financial performance through increased gold production.
About OV9 Infinity Limited
OV9 Infinity Limited, founded by Oum Valentin, is a commodities trading company specializing in essential goods such as diesel, urea, and mining resources. Originating as an investment firm in Cambodia, OV9 has grown into a major player in Southeast Asia, known for its strong government partnerships, innovative supply chain solutions, and commitment to fostering regional economic development. With a focus on transparency, strategic financial management, and long-term partnerships, OV9 continues to explore growth opportunities within ASEAN’s resource sectors, aiming to play a pivotal role in the region’s economic development.
For further inquiries, please contact:
Press Contact:
Sophia Ismail – OV9 Infinity Limited
Phone: +855(0) 11 20 20 70
Email: info@ov-infinity.com
Website: www.ov-infinity.com
This development not only represents a significant achievement for OV9 Infinity Limited but also highlights the company’s commitment to enhancing its presence in the regional mining industry. The focus remains on sustainable and responsible growth, contributing positively to ASEAN’s broader economic landscape while delivering value to shareholders.
Source: Fresh News
