PT Agincourt Resources (PTAR) is an Indonesian based mining company engaged in exploration, mining and mineral processing of gold and silver bullion. Its sole operating site is the Martabe Gold Mine in Sumatra. Corporate functions are managed from Jakarta.
PT Agincourt Resources (PTAR) is a mining company based in Indonesia that is engaged in the exploration, mining, and processing of gold and silver mineral bars. The only place of operation is at the Martabe Gold Mine in Sumatra. Company functions are managed from Jakarta.
The area of the Martabe Gold Mine is based on a sixth generation 30-year Contract of Work with the Government of Indonesia and at the beginning of the Contract of Work in 1997 the total area was 6,560 km2. However, after several relinquishments, the Company's “Contract of Work” (coW) area is currently 130,252 hectares, or 1,303 km². Operational areas: South Tapanuli, Central Tapanuli, North Tapanuli, and Mandailing Natal Regencies. The area of the Martabe Gold Mine in South Tapanuli Regency is 479 hectares.
Mineral Resources as of June 30, 2020, reached 7.6 million ounces of gold and 66 million ounces of silver. Production began at Martabe on 24 July 2012. The operating capacity of the Martabe Gold Mine is exceeds 6 million tonnes of ore per year to produce more than 300.000 ounces of gold and 2-3 million ounces of silver per year.
PTAR employs more than 3,000 employees and contractors, over 99% of whom are Indonesian nationals, and more than 70% of whom are recruited from residents. PT Agincourt Resources is committed to creating safe and efficient operations, minimizing environmental impact, and ensuring our existence provides long-term benefits to all local stakeholders.