2 Regions Owning the Largest Treasures in Indonesia
Holiday Ayo - Indonesia is known as a country full of natural resources. Not surprisingly, several large mineral resource mines have placed their claws in the country.
Indonesia is recorded as the owner of the 6th largest reserves in the world. Even though it only occupies the 6th position in gold reserves, Indonesia is recorded as the owner of the number 1 largest gold mine.
This mine itself is owned by the MIND ID Mining BUMN Holding. MIND ID's subsidiaries engaged in gold mining include PT Aneka Tambang Tbk (ANTM) and PT Freeport Indonesia.
Apart from Freeport, the gold mine owned by the Salim Group and Medco PT Amman Mineral Internasional (AMMAN) also has the largest copper and gold mine in Indonesia, through its subsidiary PT Amman Mineral Nusa Tenggara (AMNT).
If you look at this data, the following are the largest gold producing provinces in Indonesia:
1. Central Papua
The Grasberg Mine is known as one of the largest gold smelters in Indonesia. This smelter is located in Mimika, Central Papua and is operated by PT Freeport Indonesia.
According to the latest data presented by the President Director of Freeport Indonesia, Tony Wenas, Freeport has succeeded in achieving gold production of up to 881 thousand ounces from the 2023 target of 1.8 million ounces.
Apart from that, he also said that during Semester I 2023 and currently it has succeeded in producing 735 million pounds of copper from the target of 1.6 billion pounds.
2. West Nusa Tenggara
One of the other gold producing provinces is Nusa Tenggara Barta, specifically in Sumbawa. In this area, one of the largest smelters belonging to PT Amman Mineral Tbk (AMMN) stands.
Looking at the official website, PT Amman Mineral owns a mine that operates 25,000ha of copper and gold mines located on Sumbawa Island, Nusa Tenggara, Indonesia.
Amman is currently also exploring other parts of its IUPK area, such as the Elang exploration prospect.
Apart from carrying out mineral mining in the Elang Block, Amman also explored the Batu Hijau Site, West Sumbawa Regency (KSB) and carried out ore processing activities into concentrate.
The Batu Hijau smelter has a capacity of 220,000 tons of copper cathode and 17.8 tons of gold and 54.7 tons of silver.