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Minerals

We involve in the development in the mineral sector such as gold mining

Beyond our new energy initiatives, Indika Energy’s diversification push also extends to the Awak Mas gold mine in South Sulawesi. We have identified gold as a strategic sector, and we believe that gold has good long-term prospects for the future. This is a strategic move to strengthen our business diversification in the non-coal sector.

Established in 1998

Business Type Gold mining

Operation area South Sulawesi, Indonesia

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NUSANTARA RESOURCES LTD

A gold mining investment company

Nusantara Resources Limited (Nusantara) owns a 7th-generation Contract of Work (CoW) signed with the Government of Indonesia in 1998 for the Awak Mas gold project in Sulawesi. The CoW covers an area of 14,390 hectares and is held by Nusantara’s wholly% owned local subsidiary, PT Masmindo Dwi Area, and is valid through 2050.

The Awak Mas gold project has potential resources of 2.35 million onz and potential reserves of 1.53 million onz. Indika Energy’s total direct and indirect ownership in Nusantara amounts to 27.8%.