abriefoverview-update

A Brief
Overview




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.

Martabe Gold Mine is managed and operated by PT Agincourt Resources. The mine covers an area of 130,300 hectares that falls under the sixth generation of Contract of Work (CoW) covering a total area of 1,303 km².

The Mineral Resource on 31 December 2018 includes 8.1 Moz of gold and 69 Moz of silver. Production commenced at Martabe on 24 July 2012. The operating capacity of Martabe Gold Mine is in excess of 5.5 mtpa ore to produce in excess of 350,000 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.

PT Danusa Tambang Nusantara (PTDTN) is the majority shareholder of PT Agincourt Resources with a total 95% of the shareholding. The shareholders of PTDTN are PT United Tractors Tbk 60% and PT Pamapersada Nusantara 40%. These companies are part of the PT Astra International Tbk group. The 5% share ownership is owned by the Government of South Tapanuli Regency and North Sumatra Province (local governments).

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.