Heavy equipment producer United Tractors (UNTR) has set aside $50 million for investment in a processing plant and new infrastructure on a gold mine in Sumbawa, West Nusa Tenggara. The company is seeking to diversify business and reduce its dependence on coal in the long run. UNTR acquired a 75.5% stake in Sumbawa Jutaraya, a gold mining company with 10 hectares of concession area, for $2.57 million in 2015.
