Company Performance Metrics
Doug Jones: Chief Operating OfficerPast Role: Rye Patch Gold, Chief Operating Officer- Simon Milroy: Chief Executive OfficerPast Role: PanAust Limited, General Manager Corporate Development and Exploration
Merdeka Copper Gold (IDX: MDKA) is an emerging Indonesia copper and gold producer, based in Jakarta and listed on the Indonesian Stock Exchange. Merdeka controls holding company PT Bumi Suksesindo (BSI) which operates the Tujuh Bukit Mine located in Banyuwangi Regency, East Java Province, Indonesia. Tujuh Bukit is comprised of a large undeveloped
porphyry copper deposit that underlies a series of epithermal oxide gold/silver rich deposits.
A 4mtpa oxide heap leach operation was commissioned in Q1 2017. This mine is expected to produce approximately one million ounces of gold plus a significant amount of silver over its 9 year projected mine life. Costs are expected to be first quartile due to low stripping ratio’s, (~!0.6:1) and good recoveries (~80%) from relatively coarse (75mm) heap leaching. The mine ramped up during Q2 2017 producing 25,063 ounces of gold at an all in sustaining cost (AISC) of $505 USD per ounce.
