PT Agincourt Resources has successfully managed Martabe Gold Mine in its quest to become a world class operation.
Martabe Gold Mine is managed and operated by PT Agincourt Resources. The mine covers an area of 30 km² that falls under the sixth generation of Contract of Work (CoW) covering a total area of 1,639 km².
The resource base on 31 December 2015 includes 7.4 Moz of gold and 69 Moz of silver. Production commenced at Martabe on 24 July 2012. The operating capacity of Martabe Gold Mine is 4.5 mtpa ore to produce in excess of 250,000 oz of gold and 2-3 Moz of silver per annum.
PT Agincourt Resources engages approximately 2,300 employees and contractors, more than 98% Indonesians, of which 70% were recruited from local people.
The ultimate shareholder of PT Agincourt Resources is a consortium led by EMR Capital, a specialist mining private equity fund (61.4% of shares). The consortium also includes Farallon Capital, a global financial investor (20.6%), Martua Sitorus (11%) and Robert Hartono & Michael Bambang Hartono (7%)