ARTA – Indonesia’s copper and gold mining industry remains bright into the future. With prospects still bright, these two industries will have a major impact on economic activities in the region around mining and national economic growth.
positive of the bright copper and gold mining industry is evident from the production of PT Amman Mineral Internasional Tbk (AMMAN) and PT Freeport Indonesia (PTFI) which are developing well every year. These two companies are the largest copper and gold mining company in Indonesia.
As you know, Amman produced 335 million pounds of copper and 707,930 gold unions until the third quarter of 2024. Meanwhile, Freeport Indonesia produced 1.37 billion pounds of copper and 1.43 million of golden unions until the third quarter of 2024.
an in fact will begin to develop or exploit one of the largest porpheric copper and gold mines in the world. The mining site is called “Elang” which has been an exploration company from 2020 to 2024. In addition, the location of Eagle Mine is located 60 kilometers (km) from the exploration site “Batu Verte ” which is currently operated by the company in West Sumbawa, West Nusa Tenggara (NTB).
mining and energy observer Ferdy Hasiman said the coal and gold industry remains very interesting in the future. This was supported by two companies that have large reserves in the coal and gold industries, namely Freeport and Amman.
said Freeport still has 2 billion tons of corn in the form of copper, silver and gold until 2041. Meanwhile, Amman will begin production at the Eid mine, once operational mining at the green coal site which expires in 2030. This Aïd mining site is potentially one of the largest in the world.
“These two major producers are therefore very competent in their fields, due to highly qualified capital, technology and human resources. So I did not hesitate with the capabilities of these 2 major producers, so the future of the copper and gold industry is very bright, especially since both have built a processing plant of copper concentrates which has an extraordinary multiplier effect for the national economy,” Ferdy said in his official statement, quoted Friday, December 3.
he continued, copper commodities greatly revitalize the fertilizer, cable and other industries. In fact, copper is becoming an important variant in building the electric car ecosystem.
an: “Therefore, I believe that the future of these two industries remains bright, because the copper mineral is the key to electric car batteries which account for up to 10.8%,” he explained.
Ferdy added, not only domestically, the global coal and gold industry also remains bright for the future. However, geopolitical conditions remain anticipated, as they will affect the supply and demand of the coal and gold industry.
based on the latest data, a team of geologists from Amman managed to identify an area of copper mineralization and highly potential new gold. Based on preliminary results, this shows that the copper and gold reserves at the Eagle Mines site are potentially one of the largest in the world.
mining year replaces the production position of the green coal mine which will expire in 2030. Once the mining of phase 8 is completed, Amman plans to begin production of the Eid mine using the infrastructure of processing of green coal throughout mining operations.
Based on ongoing feasibility studies at the Eagle mining site, the potential increase in Aman’s copper and gold reserves is estimated at 43% and 48%, respectively.
in, coal and gold still hold abundant from underground mines (wildcat mines), which is coal reaching 29 billion pounds and 24 million ons of gold until 2041. Until the third quarter of 2024, Liberty Indonesia’s copper production reached 1.37 billion pounds and gold reached 1.43 million pounds.
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