Bayan Resources stake sale to Haji Arsyad amid Indonesia quota approval delays

Bayan Resources' controlling shareholders agreed to sell a 30% stake to tycoon Andi Syamsuddin Arsyad, consolidating ownership in Indonesia's third-largest coal producer. The deal comes as the industry faces uncertainty over government approval of production quotas, which could disrupt output and export plans. The transaction signals investor confidence despite regulatory bottlenecks, but quota delays remain a key risk to the sector's outlook.