- Natural Gas
- Zinc
- Petroleum
- Tosenki
- Resin
- Even limestone
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For the record, in 2021, mining issuer PT Indika Energy Tbk (INDY) officially completed the acquisition of 72 percent of the shares of Nusantara Resources Limited (Nusantara), the operator of the Awak Mas gold mine in Luwu, South Sulawesi (Sulsel), through its subsidiary, PT Indika Mineral Investindo (IMI).
The total transaction value was AU$58.8 million, equivalent to US$42.7 million (Rp 609 billion at an exchange rate of Rp 14,250 per US$) for approximately 72% of Nusantara's shares.
IMI then paid AU$0.35 per share for 168,041,107 shares, including shares to be issued upon exercise of the rights. Therefore, upon completion of the transaction, Nusantara will no longer be listed on the Australian Securities Exchange.
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Meanwhile, in 2023, PT Masmindo Dwi Area (Masmindo), a gold mining entity of PT Indika Energy Tbk. (INDY), targets construction of the mining area to begin in 2024, with production commencing in 2025.
The gold mine's reserves are quite substantial, with reserves estimated at approximately 1.5 million ounces. By 2025, the mine is expected to contribute significantly to INDY's revenue.
Putri Nurhidayati