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Large gold deposits found in North Tapanuli:, 27 Agustus 2013

T Agincourt Resources , a subsidiary of Hong Kong-based gold mining , G - Resources , said it had found deposits containing significant gold prospects Pahae - North Tapanuli , about 50 kilometers north Martabe Gold Mine .

In a written statement on Tuesday, August 27, 2013 , the manager of the Martabe Gold Mine currently states continue to mining exploration in the area . The mineral deposit was discovered after the company doing surface mapping and rock sampling .

In addition , the company also continues to conduct drilling in the southern region of the Full Pit and regions in South Tapanuli Uluala Hulu . In the south at a depth of 57 meters the data obtained 1.2 grams / tonne gold and 17 grams / tonne silver , while in the Upper Uluala region at a depth of 49.7 meters of data obtained 4.4 grams / tonne gold and 44 grams / tonne silver .

Two -edged diamond drill holes ( diamond drill ) has also been completed with a total depth of approximately 690 meters in Prospect Tango Papa - North Tapanuli , 25 miles north Martabe Gold Mine . Drilling results are being analyzed .

In addition , metallurgical studies on the sulphide content of the Martabe Gold Mine underway . Initial studies with the flotation method , they declared , gave positive results .

Costs incurred by PT Agincourt for exploration activities during the first half of 2013 has reached U.S. $ 5 million , of the total funding of U.S. $ 10 million is budgeted for this year .

Martabe Gold Mine is located on the west side of the island of Sumatra , the District of Batang Toru , North Sumatra Province , with an area of ??1,639 km2 , under a sixth generation Contract of Work ( " CoW " ) signed in April 1997.

Martabe Gold Mine now has a resource of 8.05 million ounces of gold and 77 million oz of silver ; targeted to begin production in early 2013 with an annual capacity of 250,000 oz of gold and 2-3 million oz of silver low cost .

Shareholders Martabe Gold Mine is G - Resources Group Ltd. by 95 percent , while the rest is owned by PT Artha Nugraha Agung , which is owned by South Tapanuli district and the Provincial Government of North Sumatra.
Gold Mine in Luwu Enter Construction Stage: August 2017

PT Masmindo Dwi Area foreign companies engaged in gold mining will begin construction of gold mines in Luwu regency, South Sulawesi, which has signed a Memorandum of Understanding (MoU) with PT Perusahaan Listrik Negara (PLN), as the initial stage of the company began entering the construction period of the mine.

President Director of PT Masmindo Dwi Area Boyke Abidin said one of the main supporters of the smooth operation of the construction phase and then the production operation phase is the availability of reliable electrical energy supply. PLN expressed its readiness to supply electricity to Masmindo gold mine with premium quality of 30 MW by 2019. The Contract of Work held by PT Masmindo Dwi Area covers an area of 14,390 Ha and is located within Luwu regency, South Sulawesi province, which is located north of Makassar city. The local government has approved environmental impact assessment documents (AMDAL) and has issued Environmental Permit in early 2017. So it is possible to continue the construction work for three years and then expected to produce for 30 years.

Gold and Silver Mining in Indonesia
Indonesia Industry Report and Market Research
February 15, 2019
Industry Code : B2326
Forecast to : 2023

Gold and Silver Mining in Indonesia Mining and extraction of gold and silver ore; The activities of purifying, raising the quality and sorting gold and silver, which cannot be separated from the mining of the ore.
The primary activity of firms in this industry is:
- Gold and Silver ore mining.
PT. Dataindo Inti SwakarsaTelp : (62 - 21) 719 3832
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Jakarta 12720, Indonesia
Chapter Headings US $ Select All
Industry Outlook 60.50
Key Statistics 60.50
Market Characteristics 36.30
Segmentation 36.30
Industry Conditions 60.50
Industry Performance 60.50
Key Competitors 60.50
Key Factors 27.50
Now Indonesia Dominates Papuan Mining After Buying 51 Percent of Freeport Shares 0.39
Banyuwangi Gold Mine Produces in 2016 0.39
Student of Mimika is Rising In order to Build Mimika district 0.39
Two Gold Mine Soon Operating in South Sulawesi 0.39
PTNNT Win Back Green PROPER Award 0.39
Freeport Indonesia Pays US$ 1.4 Billion in Tax in 2009 0.39
Newmont to Submit New Water Sample 0.39
Newmont Bids Minahasa Farewell, Offers US$ 15 Million 0.39
Cikotok Gold Mine In Danger of Being Shut Down 0.39
The Government Supports Antam to Take Over 9.36 Percent of Freeport's Shares 0.39

Report Content

The Gold and Silver Mining industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.

Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.

The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.

KEY STATISTICS 2014 2015 2016 2017 2018
Industry Revenue 107,942 104,367 131,689 158,085 169,151 Rp.Billion
Industry Gross Product 7,016 6,784 8,560 10,276 10,995 Rp.Billion
Number of Establishments 110 120 130 130 130 Units
Employment 109,600 101,200 85 81,000 85,400 Units
Exports 2,856 3,457 6,481 6,521 7,820 Rp.Billion
Imports 10,926 10,899 25,482 30,419 35,880 Rp.Billion
Total Wages 1,425 1,316 1,114 1,010 1,109 Rp.Billion
Domestic Demand 116,012 111,809 150,690 181,983 197,211 Rp.Billion
The data above is sample data only

Cost of Goods Sold 67.13 Gross Profit 32.87
Operating Expense 21.5 Profit (Loss) Before Tax 11.36
Administration 1.58 Depreciation 0.56
Electricity 0.66 Freight 1.99
Fuel, Parking, Toll & Retribution 1.62 Interest 3.09
Land and Building Rental 2.74 Marketing 2.69
Repairs and Maintenance 0.54 Service Fee 0.7
Staff Welfare Allowance 1.38 Other Expenses 0.92
Stationery & Inventory 0.48 Telephone 0.8
Utensils and Equipment 1.24 Wages and Salaries 0.5
The data above is sample data only

Central Java 13.4 DKI Jakarta 6.5
East Java 22.4 North Sumatra 17.9
Papua 2.0 Bali 3.0
South Sulawesi 6.0 West Java 28.8
The data above is sample data only
Price 500.006.250.000
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Table of Contents
About this Report
Key Statistics
Market Characteristics
Industry Conditions
Key Factors
Key Competitors
Industry Performance