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Merdeka Copper Gold
Crux Investor Index
5
–
Market Cap (USD)
3961587572
Symbol
IDX:MDKA
Stage of development
Production
Primary COMMODITY
Copper
Additional commodities
Gold
Silver
Nickel
Cobalt
Merdeka Copper Gold is an Indonesia-focused mining company engaged in the exploration, mining and processing of gold, copper and nickel. The company owns four producing assets including the Tujuh Bukit copper-gold mine, Wetar copper mine, and Batangas Group which produces nickel in the form of nickel pig iron and nickel matte.
Over the first nine months of 2023 Merdeka produced around 109,000 ounces of gold, 9,300 tonnes of copper, 43,000 of nickel in nickel pig iron, and 17,600 tonnes of nickel in nickel matte. Merdeka is advancing the 100% owned Pani gold project, to start gold production from its 7Mtpa heap leach operation by the end of 2025.
The company also has an interest in the Tayan copper asset being explored as a potential large-scale underground block cave mining operation longer term, and an 81% interest in the newly constructed Indonesia Morowali Industrial Park, home to nickel pig iron smelters and stainless steel factories.
With a portfolio of operating mines generating cash flow and a strong project development pipeline, Merdeka is executing its vision of becoming a globally significant mining company based in Indonesia.
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No analyst notes