J Resources Founder Jimmy Budiarto Considers Selling Indonesian Gold Mining Company

Jimmy BudiartoThe founder of Indonesian gold miner PT J Resources Asia Pasifik is considering selling his 92.5% stake in the Jakarta-listed company, according to people familiar with the matter.

Budiarto is working with financial advisers and has reached out to potential investors, the people said, asking not to be identified because the process is private. Discussions are ongoing and he may decide not to sell, the people said.