United Tractors Targets 240,000 Ounces of Gold Production by 2025, Focusing on Copper Mining Expansion
Wed 09 Jul 2025, 09:05 AM
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PT United Tractors Tbk (UNTR), affirmed its optimism to achieve the gold production and sales target of 240,000 troy ounces in 2025. This target is a slight increase from the previous year's achievement of 235,000 ounces.
"It is hoped that gold production and sales can be maintained at the current rate so that the 2025 full-year target of 240 thousand ounces can be achieved," said UNTR Corporate Secretary, Sara K. Loebis, Monday (7/7).
As of May 2025, UNTR had recorded gold sales of 100,000 ounces. This figure is considered on track to meet the annual target. Data for the first half of 2025 is still being consolidated.
Global Expansion: Targeting Copper and Gold Mines in Australia
Not only focusing on domestic gold production, UNTR is also eyeing expansion into other mineral sectors—particularly copper mining, which usually has by-products in the form of gold and silver.
According to Iwan Hadiantoro, UNTR's Business Development Director, the company is currently reviewing potential copper mine acquisitions in several countries, with Australia as its primary focus. Locations being considered include western Australia and Queensland, although none have been finalized yet.
"We've seen all the copper and gold. Usually, the largest concentrations are in the western part of Australia. But nothing is final yet," Iwan explained.
In addition to Australia, UNTR had evaluated opportunities in Mongolia, Kazakhstan, and Canada. However, several countries were removed from the list due to geopolitical factors and logistical efficiency. "Our focus remains on Australia because demand is high and relatively stable," he said.
Financial Readiness and Domestic Gold Mining
Iwan also emphasized that UNTR is financially well-positioned to seize expansion opportunities. "Essentially, we are financially prepared. Whenever an attractive opportunity arises, we can jump in," he asserted.
Domestically, UNTR has operated two gold mines through its subsidiaries:
- Martabe Mine (PT Agincourt Resources) in Tapanuli, North Sumatra, with average reserves of 3.5 million ounces of gold and 33 million ounces of silver.
- The Sumbawa Mine (PT Sumbawa Jutaraya) in West Nusa Tenggara, which holds approximately 663,000 ounces of gold and 8.4 million ounces of silver.
With a focus on operational efficiency, financial readiness, and an aggressive expansion strategy, United Tractors continues to strengthen its position in the global gold and mineral mining sector.
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