Market Research Report: PT Merdeka Copper Gold Tbk

Company Overview

• Name: PT Merdeka Copper Gold Tbk

• Mission: To set the highest standards in environmental, social, and corporate governance (ESG) performance while contributing to Indonesia's development and human progress.

• Founded: Established in 2012; became a public company in 2015.

• Key People: No specific key personnel mentioned in the data.

• Headquarters: Treasury Tower 67-68th Floor District 8 SCBD Lot. 28, Jalan Jenderal Sudirman Kav. 52–53, Jakarta Selatan 12190, Indonesia.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Core Business: Known for producing gold, silver, copper, and other essential minerals through several subsidiaries located on various Indonesian islands. It is engaged in both the mining of these materials and integrated services through construction of mining services.

Products

• Mining Operations:

• Tujuh Bukit Gold Mine: Located in Banyuwangi, East Java.

• Wetar Copper Mine: Situated on Wetar Island, Southwest Maluku.

• Developing Projects:

• Tujuh Bukit Copper Project: Includes one of the world's largest undeveloped copper deposits located in Banyuwangi, East Java.

• Pani Gold Project: Located in Gorontalo, Sulawesi, set to become a major primary gold mine in Indonesia.

• Merdeka Battery Materials Tbk (MBM): Manages integrated nickel mining and smelter operations linked to nickel industry development in Sulawesi, aiming to be a leading raw material supplier for the global electric vehicle market.

Recent Developments

• ESG Rating Upgrade: In October 2023, PT Merdeka Copper Gold Tbk received an ESG rating upgrade from MSCI, moving from BBB to A, making it the only Indonesian mining company in the MSCI Diversified Metals and Mining category with such a rating.

• Awards and Recognitions:

• ASRRAT 2024: In November 2024, PT Merdeka Copper Gold Tbk received a Silver Rank, while PT Merdeka Battery Materials Tbk (MBM) received a Gold Rank at the Asia Sustainability Reporting Rating 2024. MBM also received special commendation for its first-year participation.

• Prasetya Ahimsa Award: In November 2024, PT Bumi Suksesindo (BSI), a subsidiary, received the Prasetya Ahimsa award for best practices in Occupational Health and Safety (K3) from the Indonesian Ministry of Energy and Mineral Resources (ESDM).

• GMP Awards 2024: BSI was recognized with four awards during the Good Mining Practices Awards 2024, including accolades for Mineral Technical Management, Mining Safety Management, Environmental Management, and more.

• CNN Indonesia Awards 2024: BSI won the Leading Local Community Empowerment Initiatives award, recognizing its efforts in social programs and community development in Banyuwangi, East Java.

• New Developments in Subsidiaries:

• MBM is actively developing integrated nickel mining and smeltering capabilities to become a primary supplier for the electric vehicle industry.

• Social and Community Engagement: Through various social programs under the Community Development and Empowerment Program (PPM), PT Merdeka Copper Gold Tbk and its subsidiaries have invested significant resources towards local infrastructure development, education, and social health initiatives.

Conclusion

PT Merdeka Copper Gold Tbk emphasizes a strong commitment to innovation, sustainability, and corporate responsibility in mining and metal production, showcased by their recent advancements and achievements in the industry and corporate governance spheres. The company’s strategic projects and its emphasis on sustainable practices position it as a significant player in Indonesia's mining sector and a contributor to the global supply chain, especially in the context of electric vehicle production.