Gold production for the quarter of 5,667 oz and silver production of 28,107 oz total of 6,020 aueq oz. Post conference field trip ft7 tujuh bukit and ijen. Argonaut recently visited pt merdeka copper golds idx. According to the australian, the consortium, which currently controls 19. Comm, grad dip finance, mausimm, maicd and resources financier with over 40 years experience. Inilah 6 aset sumber daya alam indonesia yang berhasil direbut dari. The flagship tujuh bukit mine is a world class asset comprising an extremely low cost producing gold project with a 9 year mine life and an enormous underground copper gold. View daily, weekly or monthly format back to when merdeka copper gold tbk.
Pdf the impact of the ache and west papuas separation in. Communism article used to sentence activist in indonesia. The companys major asset is the mining project tujuh bukit, one of the. Pt merdeka copper gold tbk merdeka adalah perusahaan pertambangan, meliputi eksplorasi dan produksi emas, perak, tembaga, serta mineral terkait lainnya. Here, the indigenous population has staged protests, boycotts, strikes and other nonviolent actions against repressive rule. Sejarah berdirinya freeport history of the establishment of. Mdka page 1 of 44 all figures are denominated in us dollars, unless otherwise indicated pt merdeka copper gold tbk mdka is pleased to report on december quarter 2019 activities. The saindak coppergold project was set up by saindak metals ltd, a company owned by the pakistan, by the end of 1995 at a cost of pkr. The companys major asset is the mining project tujuh bukit, one of the worlds top undeveloped gold and copper sites.
Mdka upsize the production target from 180,000 ounces oz to 200,000 ounces in this year photo by the. In the opinion of the lion team, pani is shaping up as the best gold discovery that lion has been. The association of gold and copper mineralization in commercially viable ore is a common occurrence. Jakarta theinsiderstories eastern field developments ltd, a specialpurpose vehicle of procap partners limited, pt saratoga investama sedaya tbk idx. Gold production began in march 2017 and is delivering substantial free cash flow which.
Shares of indonesian mining company merdeka copper gold rose about 15 percent on its trading debut on friday 1906. The companys major asset is the tujuh bukit mining project, which is an undeveloped gold and copper project located in banyuwangi, indonesia. Mdka page 1 of 50 pt merdeka copper gold tbk the company is pleased to report on june quarter activities. Value investing market insight of investment gurus. It is caused mainly by each one of us, the hundreds of millions of convenienceminded. However, from 1962 until 1969, not only mines, permitting freedom of cultural expression, includ the indonesian government but also, in the context of ing the right to fly their morning star national flag. The jorc code is fundamental to the way capital markets work in respect to reporting exploration results, mineral resources and ore reserves, said colin moorhead, technical director of merdeka copper gold and former president of ausimm. This would be uneconomic to mine for its gold content, but the gold provides a significant opportunity value. Oct 06, 2017 jakarta theinsiderstories eastern field developments ltd, a specialpurpose vehicle of procap partners limited, pt saratoga investama sedaya tbk idx. Indonesian gold producer, merdekapt copper gold tbk merdeka, is welcome and significant.
Saratoga, merdeka acquire australian finders assets in indonesia. Checking of the manual entries is routinely completed. Merdeka acquires majority interest in pani project pt merdeka copper gold tbk the company is pleased to announce its 66. These were pt bumi suksesindo bs, which was given the right to work on 4,998 hectares, and pt damai suksesindo, which was to manage 6,623 ha. Value investing market insights and news of the investment gurus. When gold was cyanided in the presence of copper i, the leach rate for both the gold and the copper was lowered as the copper concentration increased, owing to depletion of free cyanide, but the copper leach rate started to decrease at a lower copper i concentration than did the gold. Jan 21, 2017 a surge in the copper gold ratio, then, bodes well for growth, which can nudge inflation and lead central bankers to raise interest rates, which tends to damp bond prices and boost yields. Jorc courses for the global resources sector ausimm. Gold production began in march 2017 and is delivering substantial free cash flow. When the dutch refused to hand over the administration of. Rapat umum pemegang saham tahunan pt merdeka copper gold tbk.
Mdka merdekas strategy merdekas rationale is based on 5 strategic pillars aimed at i low cost, low risk operations, exploiting the near surface tb oxide resources, ii concurrently progressing studies to mine the larger upper highgrade zone uhgz of the porphyry coppergold project iii focussing on an. The company, a subsidiary of saratoga capital, was the sixth company to conduct an initial public offering ipo on the indonesia stock exchange idx in 2015. Saratoga, merdeka acquire australian finders assets in. Pt merdeka copper gold tbk perusahaan tambang indonesia. The free papua movement lives by malcolm gaultwilliams west papuaor irian jaya, as it has been renamed by the indonesian govemmentmis indonesias 26th province, occupy ing the westem half of the island of new guinea.
This presentation has been prepared by merdeka copper gold tbk merdeka and consists of written materialsslides for a presentation. Finished product stocks of 1,516 oz gold and 7,900 oz silver at quarter end. Due to continuing strong operating performance and positive gold grade reconciliation, full year production for 2017 at the tujuh bukit gold. Mdka has announced its intention to take over the indonesian assets of australian copper miner finders resources ltds asx. Pdf distribution of gold in porphyry copper deposits. The money will be spent on drilling of targets agre ed by merdeka and our own exploration team. Many parts of the country are broad and relatively undetermine, meaning there is a very high likelihood that there are undetected gold deposits that are yet to be found.
Head of finance and corporate secretary ellie turjandi said that merdekas shares had been oversubscribed nearly 40. In initial trial months, monthly production rate was 1700 tons of copper, 6000 ounces of gold and 12000 ounces of silver. However, from 1962 until 1969, not only mines, permitting freedom of cultural expression, includ the indonesian government but also, in the context of ing the right to fly their morning star national flag, cold war geopolitics, the american, dutch and austra. Indonesias merdeka copper upsizes gold production to 200000 oz. Amc dinner with colin moorhead, chief executive officer of. The pani joint venture has been able to access technical personnel from merdeka copper and gold, where provident is a shareholder. Organisasi papua merdeka opm is an umbrella term for the independence movement established during 1965 in the west papuan or west new guinea territory which is currently being administrated by indonesia as the provinces of papua and west papua, also formerly known as papua, irian jaya and west irian. Merdeka and the morning star by jason macleod overdrive. Papuas gold, silver, oil, timber, copper, and nickel. The west papuan issue was resolved in 1962 by diplomatic maneuvers in which the u. Between these end members is an economically important group containing significant amounts of both gold and. Merdeka is a listed indonesian company that has relevant recent experience in successfully developing the tujuh bukit gold heap leach project.
Gold bearing gravels are shoveled into the upper end of the sluiceway. Sejarah berdirinya freeport history of the establishment. Pdf prospektus final pt merdeka copper gold tbk free. Strong debut merdeka copper gold on indonesia stock exchange. The last time copper stockpiles were above 500,000. A corporate video for merdeka copper gold, subsidiary of bsi.
No ltis occurred during the quarter, with site achieving 15. Pt merdeka copper gold tbk is an indonesiabased holding company primarily engaged in the business of gold, silver and copper mining through its subsidiaries. Thus, 14karat 14k gold indicates a composition of 14 parts of gold and 10 parts of other metals. Mdka major assets are the tujuh bukit heap leach gold mine and the undeveloped tujuh bukit porphyry copper gold deposit loc. Indonesias problem of plastic waste pollution is not the result of the occasional rogue foreign shipment. Indonesias world class copper gold champion merdeka copper. At one end of the spectrum is the predominantly copper ore that contains levels of gold mineralization. Jun 29, 2017 a corporate video for merdeka copper gold, subsidiary of bsi.
Stock analysis for merdeka copper gold tbk pt mdka. Pt merdeka copper gold tbk pt mcg make no representation or. Jakarta pt merdeka copper gold, a gold and copper exploration company, launched an initial public offering this week may 12 in a price range at 1,800 to 2,100 rupiah a share, aiming to raise up to rp 1. Goldbearing gravels are shoveled into the upper end of the sluiceway. Merdeka copper gold was initially financed and constructed for approximately aud 200m and is. Pdf the impact of the ache and west papuas separation.
Berita politik, ekonomi, hukum, kriminal, olahraga, sepak bola, teknologi, otomotif, artis di indonesia dan dunia. Pt merdeka copper gold 121 mining investment hong kong. Jul 22, 2019 indonesias problem of plastic waste pollution is not the result of the occasional rogue foreign shipment. Download prospektus final pt merdeka copper gold tbk. May 02, 2020 download prospektus final pt merdeka copper gold tbk. The plunder of saindaks cooper and gold balochistan point. The flagship tujuh bukit mine is a world class asset comprising an extremely low cost producing gold project with a 9 year mine life and an enormous underground coppergold. Copper minerals, even though minor components of precious metal ores, dissolve in these cyanide leaching solutions, consume cyanide, cause fouling of mill solutions, and thus interfere with the precipitation and recovery of gold. Gordon galt nonexecutive director appointed 22 august 20 mr galt is a mining engineer be mining, b. Asia mining club is excited to announce that colin moorhead, chief executive officer, merdeka copper gold, will be the guest speaker at our 6 april dinner merdeka copper gold is developing the tujuh bukit project in east java, indonesia one of the worlds top undeveloped copper and gold projects, with an estimated total jorc compliant resource containing 19 billion lbs of copper and 28. In 2006, the banyuwangi regency administration granted a mining business license to pt indo multi niaga, which later transferred it to pt merdeka copper gold through its two subsidiaries. Incidentally, 14k gold is commonly used in jewelry manufacture. Pt vale indonesia tbk financial statements june 30, 2017 pt vale indonesia tbk laporan keuangan 30 june 2017 enid. Add to portfolio email alerts stock pdf rss website sources download excel batch download p.
Focus on front line supervision training and behavior focus. Finders resources limited pt merdeka copper gold tbk. About mining geology by rodger allen gold mine free download as powerpoint presentation. Sumatra signs exploration deal at tembang mining weekly. Mdka was established in 2012 as a holding company with four subsidiaries, namely pt bumi suksesindo bsi as the. In 2018 tujuh bukit recorded 12 million hours lost time injury lti free. A surge in the coppergold ratio, then, bodes well for growth, which can nudge inflation and lead central bankers to raise interest rates, which tends to damp bond prices and boost yields. Merdeka copper gold exhibitor mines and money asia. About mining geology by rodger allen gold mine gold. January 2019 as of 31 january 2019 development board individual index. Indonesia including stock price, stock chart, company news, key statistics, fundamentals and company profile.
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