Company Overview

The Company has two major Indonesian company shareholders, which are PT Saratoga Investama Sedaya Tbk and PT Provident Capital Indonesia. 


Milestone

  • July 09, 2012

    PT Bumi Suksesindo, a subsidiary of the Company, was granted Mining Business License (IUP) for Operation Production by Banyuwangi Regent.

  • September 05, 2012

    The company was established under the previous name of PT Merdeka Serasi Jaya.

  • April 15, 2014

    PT Bumi Suksesindo, a subsidiary of the Company obtained the Clean and Clear Certificate from the Ministry of Energy and Mineral Resources.

  • September 22, 2014

    PT Bumi Suksesindo, a subsidiary of the Company, was granted the first Borrow-to-Use Forest Area Permit (IPPKH) for an area totaling 194.72 hectares for mining production by the Ministry of Environment & Forestry.

  • December 22, 2014

    Shareholders Resolution approved the changing name to PT Merdeka Copper Gold Tbk.

  • March 01, 2015

    Fulfillment of land acquisition for land compensation obligation of width 2,152 hectares.

  • May 12, 2015

    Public Expose and Due Diligence Meeting for Initial Public Offering of PT Merdeka Copper Gold Tbk.

  • June 19, 2015

    PT Merdeka Copper Gold Tbk completed the Initial Public Offering process with Listing Ceremony in Indonesia Stock Exchange.

  • July 15, 2015

    PT Bumi Suksesindo, a subsidiary of the Company, received the extension of Borrow-to-Use Forest Area Permit until 15 July 2017.

  • August 11, 2015

    Change of Status of PT Bumi Suksesindo into Domestic Investment Company.

  • August 31, 2015

    PT Bumi Suksesindo received the approval of AMDAL and successfully obtained the Environmental License for the increased of production capacity from 24 Mt of ore into 36 Mt of ore.

  • October 05, 2015

    Approval of Feasibility Study of PT Bumi Suksesindo which indicated the increased of production capacity from 24 Mt of ore into 36 Mt of ore.

  • October 30, 2015

    PT Bumi Suksesindo, a subsidiary of the Company receive the JORC 2012 certificate for Ore reserves amounting to 36 million tons.

  • January 15, 2016

    PT Fitch Ratings Indonesia has assigned BB- (idn) Long-Term National Rating to PT Merdeka Copper Gold Tbk.

  • February 19, 2016

    PT Bumi Suksesindo signed the Credit Agreement with consortium of three International Banks (HSBC,BNP Paribas & Societe Generale) for US$130 million to fund the construction of the Heap Leach Project.

  • February 26, 2016

    PT Bumi Suksesindo obtained the Approval of The National Vital Object Status issued by the Ministry of Energy & Mineral Resources through Ministrial Decree No. 651/K/30/MEM/2016.

  • February 29, 2016

    PT Bumi Suksesindo, a subsidiary of the Company, obtained the second Borrow-to-Use Forest Area Permit (IPPKH) for the remaining area of 794 hectares from the Investment Coordinating Board Republic Indonesia through Decree No. 18/1/IPPKH/PMDN/2016.

  • September 05, 2016

    Signing of a Facility Agreement amounting to US$ 25,000,000 between the Company and Pierfront Capital Mezzanine Pte. Ltd. for the financing of Tujuh Bukit project that constitutes the core business of PT Bumi Suksesindo and its parent company, PT Merdeka Copper Gold Tbk comprehensively.

  • December 01, 2016

    Soon after the completion of the mine construction in just 18 months, PT Bumi Suksesindo, a subsdiary of the Company, begin its Ore mining.

  • March 17, 2017

    PT Bumi Suksesindo, a subsidiary of the Company, undertook its first strip and pour of gold, marking the company's transition into the production phase.

  • June 30, 2017

    Following its commissioning, PT Bumi Suksesindo received its first revenue from the sales proceed of its gold production.

  • December 21, 2017

    Establishment of subsidiary, PT Merdeka Mining Servis.

  • March 31, 2018

    Completion of a prefeasibility study to expand production from 4 (four) Mtpa to 6 (six) Mtpa.

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