PT Agincourt Resources (PTAR) is an Indonesian mining company engaged in gold and silver exploration, mining and processing.
The company’s operations are managed from Jakarta. The area of the Martabe Gold Mine is determined by a sixth-generation 30-year Contract of Work with the Government of Indonesia and the total area was 6,560 km2 at the start of the Contract of Work in 1997. However, following several renunciations, the Company’s “Contract of Work” (coW) area is now 130,252 hectares (1,303 km2) in size. South Tapanuli, Central Tapanuli, North Tapanuli and Mandailing Natal Regencies encompass the Company’s operational areas.
Martabe Gold Mine is located in South Tapanuli Regency covers an area of 479 hectares. Mineral Resources as of June 2021, reached 7.5 million ounces of gold and 72 million ounces of silver. Production began at Martabe on 24 July 2012, with the operating capacity of the Martabe Gold Mine exceeding 6 million tonnes of ore per year to produce more than 274,000 ounces of gold and 1.35 million ounces of silver per year.
PTAR employs over 3,000 employees and contractors, with over 99 % of employees and contractors being Indonesian nationals and more than 70 % recruited from local residents.