abriefoverview

A Brief Overview

PT Agincourt Resources has successfully managed Martabe Gold Mine in its quest to become a world class operation.

Martabe Gold Mine is managed and operated by PT Agincourt Resources. The mine covers an area of 30 km² that falls under the sixth generation of Contract of Work (CoW) covering a total area of 1,303 km².

 

The resource base on 31 December 2017 includes 8.8 Moz of gold and 72 Moz of silver. Production commenced at Martabe on 24 July 2012. The operating capacity of Martabe Gold Mine is in excess of 5 mtpa ore to produce in excess of 300,000 oz of gold and 2-3 Moz of silver per annum.

PT Agincourt Resources engages more than 2,600 employees and contractors, with approximately 98% Indonesians, of which more than 70% were recruited from local villages.

 

The ultimate shareholder of PT Agincourt Resources is a consortium led by EMR Capital, a specialist mining private equity fund (61.4% of shares). The consortium also includes Farallon Capital, a global financial investor (20.6%), Martua Sitorus (11%) and Robert Hartono & Michael Bambang Hartono (7%).

We are committed to successfully managing a range of outcomes, including safe and efficient operations, the environmental impacts, and ensuring that our presence provides long-term positive social benefits for all local stakeholders.
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